There’s been a significant slump in the number of new enquiry levels from landlords seeking property management and tenant-related services, according to a new survey.
The news comes from Yomdel, a PropTech firm which has conducted a sentiment survey throughout the pandemic period.
Using a baseline of data stretching back over a year, it reports a 31 per cent slump in landlord requests over the past week, hitting a level comparable with the spring lockdown. This is also some 25 per cent below the level this time in 2019.
Enquiries from tenants seeking new rental properties bucked the trends, rising 12 per cent on the week to their highest level in four weeks, and 23 per cent above the same week in 2019.
Yomdel says indications suggest demand from tenants now is more focused on single or family occupancy and not on shared households.
“The slump in landlords reflects how agents are telling us Covid fears are making it much harder to let out shared or multi-occupancy households” says Andy Soloman, Yomdel’s chief executive.
Meanwhile the sales market is relatively strong, but is now beginning to suffer delays.
“It’s a really confused picture out there right now. Sales progression backlogs suggest up to half of sales agreed before the end of October are at risk of not being able to complete before the stamp duty holiday expires on March 31” concludes Soloman.
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