A lettings agency in Manchester has received over 10,000 rental enquiries in just one month.
Manchester Apartments says it received some 21,000 enquiries in the quarter to the end of last month - with approaching half of those in September alone.
Jonathan Griffiths, director at the agency, says: “We do see an increase in enquiries during the summer months before the academic years begins, but the enquiries this year are not just from students. We’re speaking to a large number of young professionals who wish to make or continue to call Manchester their home. We feel this is a great reflection for the demand for city centre living; but do believe the housing stock required for these enquiries is still limited.”
Manchester Apartments is the lettings agency arm of developer Beech Holdings, which currently has over 1,000 apartments located in the city. The developer has a further 1,000 apartments in construction or planning for Manchester and Newcastle.
Griffiths continues: “These statistics tell us that there is an upward demand for quality homes – and this is the important factor.
“We know there is a glut of empty properties around the main city zones, but that’s only down to the quality on offer. High-specification, sustainable and fully furnished properties is what we’re being asked for.
“In order to meet the demand, developers need to really consider the calibre of the products being delivered.”
The agency says demand for units in Manchester is coming from across the UK and world, including China, Saudi Arabia and Malaysia.