Demand for rental properties

• The August sentiment survey carried out by the Royal Institution of Chartered Surveyors gauging the mood of agents, showed improvement in the lettings market. Tenant demand has continued to increase, and short-term rental growth is expected, which is great news for the sector.
• Tenant demand has continued to rise sharply following a large decline during the lockdown. A net balance of +49% of agents reported an increase in tenant demand in August 2020.
• New instructions to let property remain flat at the moment, a continuation of the pre-lockdown trend. Supply levels have been constrained since September 2016.
• Increased demand and low supply mean that agents are expecting rents to rise in the short term. A net balance of +31% of agents expect rental growth over the next 3 months, a similar percentage to pre-lockdown.

Source: Dataloft, Royal Institution of Chartered Surveyors

Nottingham is a Buy-to-let hotspot

There was also research carried out by Zoopla in September which showed that Nottingham is continuing to be a buy-to-let hotspot, with it having the highest rental growth in the UK year on year.

Zoopla recommends that investors looking for best returns should look up North and we are pleased that Nottingham is within the top ten hotspots for landlords looking for the highest rental yields in the UK at the moment.

Right now we are experiencing the same trends as these stats portray, with very busy and competitive market conditions currently.

We are specialists in the letting, management and investment of residential properties in Nottinghamshire, so if you are a landlord or property investor contact us by calling 0115 704 3163 (Nottingham) or 01623 277115 (Mansfield). Alternatively, you can email us via our contact us page – click here.

£0

£0