LETTING & ESTATE AGENT

Following the government’s update on 13th May 2020 regarding home moving in England during the Covid-19 outbreak, we are pleased to announce our branches in England will start re-opening their doors for booked appointments over the coming weeks. Health and safety remains our main priority, and a number of strict measures will be put in place to protect our staff and customers. Our offices in Scotland and Wales will continue to support customers from home. Visit our branch page to find contact details for your local office.

Reluctant Landlord Numbers Falling

Reluctant Landlord Numbers Falling

The level of reluctant landlords is declining; ARLA agents have reported a 5% decrease in homeowners putting their property up for rent when it cannot be sold in the past 3 months.

 

This figure also presents a 50% drop compared to the number of reluctant landlords last year (42%). 

 

ARLA also reported that 52% of its members had more tenant applications than available properties in the last quarter. The South-East of England has reported that 67% of ARLA agents have more applications than properties. 

 

This figure is likely to rise in the new year when the government roles out the help to buy scheme across both new build and old properties. Although this will benefit many landlords who cannot sell, it does increase the likelihood of further reductions in properties available to rent in the private sector.

 

For more information on how you can rent or sell your home in Southampton, then give Southampton's premier letting agent a call on 02380 988881 for a no obligation chat.