The number of new tenants’ registering for rental accommodation through the Countrywide chain increasing by 20% in May, compared with April.
It was also a 28% increase compared to May 2010.
While the sales side of Countrywide showed a 10% decrease in sales agreed in May, compared to May 2010, the rentals business continued to flourish.
The number of properties available to rent rose by 14% in May compared with April, and was an 18% increase on May 2010.
Chief executive Grenville Turner said that one clear trend was for more home owners to dual market their property, both for rent and for sale.
He said that the sales market continues to be constrained by lack of mortgage funding.
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