Increasing demand for rented property. Could you benefit from the boom in renting?

Landlords are experiencing a boom in rental prices across the UK, with almost 70% reporting rising tenant demand, and the South East is seeing net increases of 74% according to research carried out by Paragon Bank. This is backed up by Rightmove’s Quarterly Rental Trends Tracker, which this week reports the widening supply/demand imbalance.

The increases in tenants looking for properties to rent outside London has led to an 8.6% increase in asking rents compared to a year ago – the fastest ever recorded by Rightmove.

Landlords with appealing properties to rent are seeing higher numbers of renters vying for their properties. High demand is creating a positive picture for those with properties to let, whether that’s a portfolio of properties or single properties to rent.

Our South East lettings departments have recorded increased demand from renters looking for all categories of rental properties in our area, but particularly those with outside space and the ability to work from home, and more landlords are turning to us for letting management, keen to take advantage of the market conditions and our pedigree in managing properties for landlords in the region. 

Alastair Hancock, Director at Jackson-Stops South East, commented: “The continuing desire to move away from city living over the past 15 months has meant strong demand from both tenants and buyers and a lack of supply has put upward pressure on prices.

“With decades of experience in the South East rental market and a large team of property professionals giving expert advice, our lettings department are poised to give you a seamless service taking the hassle out of renting your property.

"From excellent marketing, a national database of prospective tenants, the backing of a network of 40+ branches and good old fashioned estate agency, we have the tools and experience to manage your property and maximise your rental income.”

If you’d like to discuss how we can manage your rental properties, maximise your rental income and minimise the time your property is empty, please contact our branches.