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.

Rental Market Shows No Sign of Slowing

Rental Market Shows No Sign of Slowing

To date nationally, the number of new agreed tenancies has increased to 13% annually, which highlights the strength of the lettings market compared to last year.

Buy to let mortgage applications remain strong, up 17% annually, as investors continue to enter the market.

As a result of the growing number of buy-to-let investors, the number of new rental properties coming to market is up 6% annually.

Although it’s often believed that when the sales market is booming the rental market lags behind, this is not always the case.  The annual growth of rents across the UK (up 8%) highlights just how much the rental market has increased in 2013 and with transactions up 13% annually it is clear that the demand for rental property is stronger than ever.

Buy-to-let mortgage registrations are also up, which obviously leads to an increase in new properties for rent.  The increase in the supply, up 6% annually, is being met with an 8% rise in tenant applications or demand, which represents a very healthy and balanced market.

This strong growth in supply is carrying on into 2014, with the first two weeks of the year seeing a 6.5% increase, on month, in new properties available to rent.