The rental market has continued to boom beyond expectations, with instructions, appraisals and number of applicants all up.
Market appraisals increased by 20% in March compared with the previous month, Hamptons International reported yesterday (Monday). New instructions were up by 28%, and stock was 7% higher than in February.
However, with 10% more applicants this year than last, demand continues to outweigh supply across its branch network, spread chiefly across London and the south.
This has resulted in rents rising and a quick turnover for vacant properties.
Lesley Cairns, head of lettings at Hamptons International, said: “Market conditions are extremely encouraging for current landlords and potential investors.”
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