Sharp uplift in tenant demand as lockdown starts to ease

Sharp uplift in tenant demand as lockdown starts to ease


Todays other news


A quarterly index suggests that there’s been a sharp uplift in tenant demand for rental properties across the UK’s major cities as lockdown starts to ease. 

Of all major cities outside of London analysed by lettings agency Barrows and Forrester, Birmingham has seen the biggest increase in rental demand so far this year with a 25.2 per cent uplift.

Bournemouth has also seen a considerable increase of 23.3 per cent, while Cardiff is up 18.6 per cent; Southampton demand has risen by 16.8 per cent while Newport is 16.4 per cent up. 

Of 18 cities analysed, only Liverpool and Belfast have seen rental demand drop during the first quarter of this year, down 2.3 and 15.8 per cent respectively

Within London, Enfield demand is up 25.6 per cent – the highest rise in the capital – with Waltham Forest, Haringey and Sutton all up slightly more than 20 per cent.

“It’s been a very tough year for landlords and many have seen their rental income reduce due to tenants falling on tough financial times, while others have struggled to find a tenant in the first place” explains agency managing director James Forrester.

“As a result, early signs of rental demand returning to the market will be very welcome indeed and, as we ease out of lockdown, this is a trend we will hopefully see increase throughout the remainder of the year.

“The green light for some university students to return and the fast-approaching start of a new academic year should further boost this initial increase in demand and so things are certainly starting to look up for the UK rental sector.”

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Letting Agent Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
The move bolsters the group's presence in key regions of...
An independent lettings agency has been acquired and rebranded...
Ten signed up last year - now three have done...
Controversial legislation is being considered by the Scottish Parliament...
The Welsh Government is backing the call for a 'compensation'...
There will be a greater emphasis on digitisation....
A consultation document is being released today....
Recommended for you
Latest Features
Two amendments are being put to the Renters Rights Bill...
David Smith Weill be answering agents' questions...
She;'s previously worked with LSL's Reeds Rains brand...
Sponsored Content
Tenants want a place they can call home—somewhere comfortable, safe,...
Letting agencies face the dual challenge of keeping both landlords...

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here