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Pandemic Impact Survey: how have landlords been hit?

A new survey by rental sector PropTech supplier Fixflo asks landlords and agents how they have been impacted by the pandemic.

The survey asks for a rough estimate of the percentage impact of Coronavirus on income, indications of the biggest challenges such as contacting tenants or securing the services of contractors, and wants to know whether these experiences have changed respondents’ business targets for 2021. 

There are 10 questions in the survey, and an optional question at the end asks respondents for contact details.

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Although London has been badly hit in terms of demand and supply - fewer international and business travellers, just as more short lets have been shifted to expand rental stock - most of the rest of the UK’s residential lettings market has been relatively strong according to ARLA Propertymark.

The number of tenants experiencing rent increases fell by almost a fifth in the year to the end of September, says ARLA, while the number of new prospective tenants also fell for the first time in September since the housing market reopened after the spring lockdown in May. 

 

 

The average letting agent branch registered 82 new tenants in September - the latest data available - which is a decrease from 101 in August. 

The number of new tenants per branch in September is the lowest since February this year, when there were also 82 tenants registered ahead of the market temporarily closing due to Covid-19.

You can see the Fixflo survey here.

Poll: How badly hit have you been by the pandemic?

PLACE YOUR VOTE BELOW


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    Better properties in high demand are still being snapped up as soon as they are advertised.

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