The lettings market has started positively this year, with increased activity compared to the beginning of last year across our nationwide network. The percentage of applicants registered in 2017 so far is up and the number of viewings are up by almost 20% demonstrating a strong continued demand for lettings properties.
Carrie Alliston, Head of Lettings at Hunters reports that the year started well for lettings in the Hunters group owned branches in the north of England. She says, “Although uncertainty in the Buy To Let market still abounds, the number of people looking for a rental property is up, which means we still need the supply.”
John Adlam, Franchise owner of Hunters Camberwell and Brixton branches, offers his view of the London lettings market so far this year, stating that demand is outstripping supply. He adds however, that rental yield inflation has been outpacing wage inflation for the last couple of years so they are starting to see a softening of prices. “Year on year rental yields in London are down circa 4%. Despite this, we’ve experienced s buoyant start to the year with the more sensible landlords recognising that having good tenants is better than attempting to drive up yields and as a consequence having empty properties” says John.
To find out more about lettings, or to contact your local branch visit hunters.com