Tenant demand still on the rise Tenant demand still on the rise

Tenant demand still on the rise

Published in Lettings on 1 September 2021 by our Marketing Team

Following a surge in tenant demand over the last quarter, the market could see rents increase over the next three months.

*
 
The pandemic has heavily impacted the lettings sector, with fewer rental properties being listed on the market. This has caused the increasing demand to continue to outstrip supply.
 
This is good news for anyone looking to begin their buy-to-let journey, as tenant demand has hit the highest levels recorded since 2016.**
 
If you want to let a property in 2021, here are three top tips to get started with your portfolio.
 
 
1) Impress with add-ons
 
Investing in your property prior to letting it will ensure you receive the maximum return on investment possible.
 
Being able to say you have “modern, state of the art appliances” or offer free Wi-Fi is a great way to attract tenants.
 
If you do upgrade your appliances, you could always go for energy-efficient models and make your property environmentally friendly, as this is another big selling point.
 
2) Promote your property as pet friendly
 
There are some tenants who won’t even consider moving into a pet-free property.
 
By welcoming well-behaved pets, this will open your property to a much wider search radius, as well as the potential to see higher rents.
 
3) Make use of your local letting agency
 
We’re here to help manage your property, find tenants and bring you peace of mind.
 
Your property is in safe hands when you let with us, so take the stress out of letting and leave it to the experts.
 
Contact our team and find out how we could help you manage your property.
 
 
*Propertymark
**What mortgage
 
 

This article was originally published by BriefYourMarket and is reproduced here with their permission.

For more company news and insights from Pygott & Crone, click here

Members of the Relocation Agent Network

Part of a network of agents

We work with other trusted estate agents across the nation

Latest news

Help us make a difference to those in need this Christmas
Campaigns | 21 November 2022

Help us make a difference to those in need this Christmas

Donations for our local food banks are being gratefully received at your local Pygott & Crone branch

Is home staging worth it?
Magazine | 1 November 2022

Is home staging worth it?

Home staging is a specialised skill which involves creating the perfect atmosphere in your home using furniture and accessories, plants and lighting, to garner buyer interest for your property and sell it faster, for the best price.

Winterproof your home with these tips
Magazine | 1 November 2022

Winterproof your home with these tips

As autumn leaves us and dark evenings approach, now is the best time to start preparing your home for the cold months ahead.

One in three properties receive an offer one hour after viewing
Magazine | 1 November 2022

One in three properties receive an offer one hour after viewing

The housing market once again exceeds expectations after a poor reception from the chancellor’s mini-budget and regular talk of a possible slowdown, as current research suggests that in 2022, almost a third (31%) of properties are now receiving offers within an hour, compared to a mere 7% in 2018.

Chat live

Chat live with a member of staff

Please provide your name and email address to continue.

Cookies

We use some essential cookies to make our website work; and we use some other cookies to help us improve our website without identifying you. You can accept all cookies or change your settings below.

For an explanation of cookies and how we use them, see our cookie policy here (opens in new tab). Below you can choose to enable non-essential cookies.

These are anonymous and help us understand how our website is used.