Landlords & Prospective Tenants Should Contact Home Sale Network
September 23rd
A September 2011 Home Sale Network survey amongst its Network Members has found that prospective tenants continue to enter the rental market as current stock levels struggle to meet demand.
In the three months to September, it was found that more than 40% of survey respondents[1] have seen up to a 10% decrease in the number of rental properties available on the market. This can be attributed to rising tenancy demand and indeed the survey results show that the vast majority of Network members[2] have seen the number of potential tenants increase by up to 20% in the same three month period.
The supply-demand imbalance is also affecting rental prices, with the majority of respondents[3] reporting up to a 5% increase in prices in the last three months.
A specially selected, national network of independent estate agents across England, Scotland and Wales, Home Sale Network is able to provide a good indication of the current trends in the UK rental market.
Seamus Smith from Thomas Morris the member of Home Sale Network in Huntingdon said, “The increase that we are seeing in tenant registrations means that we welcome any potential landlords who have quality properties to let. If you are considering or currently let a property, contact your local Network member. We understand lettings services and would like to hear from anyone who can help us meet this current high demand.
“If you’re looking to rent, we have many quality properties available and as Huntingdon’s Local Expert we can help find the right home for you.”
For more information visit www.thomasmorris.co.uk or www.home-sale.co.uk
[1] 41% of survey respondents reported up to a 10% decrease in rental stock levels in the three months to September 2011.
[2] 87% of survey respondents reported up to a 20% increase in the number of potential tenants in the three months to September 2011.
[3] 61% of survey respondents reported up to a 5% increase in average rental prices in the three months to September 2011.
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