Landlord Dream Market
It continues to be a dream market for Landlords – demand from tenants has never been so high, we are also achieving higher rents than seen before and properties are letting in record times.
Jacobs Steel's Lettings Manager, Ollie Whiting, said:
“We are often able to let a property and have a tenant move in within a matter of weeks, therefore it is a great time to be a landlord if you are considering letting your property.
I believe that this is due to the following reasons.
Covid and the lockdowns which we experienced last year caused a lot of tenants to pause on moving, which created a backlog and a surge of tenants looking to move at the beginning of the year, which added to an already busy market.
Landlords selling their properties due to capitalising on the sales market conditions and stamp duty holiday, which created more tenants looking for properties that may not have considered moving previously.
We have also seen an increase of ‘out of area’ tenants, there has been an influx of renters moving to the area from areas such as London, amongst others, wanting to live in the South Coast.”