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TODAY'S OTHER NEWS

Rental market bounces back with 22% surge in demand

Demand for properties in the private rented sector is up by 22% compared to last year, according to Rightmove.

The data from the property website shows that since letting agents were permitted to reopen on 13 May, the demand for rental homes has increased at a quicker rate than the sales market.

Lockdown break-ups, job losses and urgent relocations are thought to have contributed to an increase in the surge in the rental sector.

Wednesday 27 May saw more than six million people visit the Rightmove website, its busiest day ever.

“They may need to move for a job,” said Miles Shipside of Rightmove. “In this environment we are in now, there is a need for people with specialist jobs to be in a certain place - just think about the Nightingale hospitals that have sprung up.” 

He added: “Where some people have enjoyed lockdown, others’ relationships haven't survived it and this has had knock-on consequences.

“There could be people who need to move because of job losses too.

“And working from home has left a lot of people looking for a change in surroundings.

“Effectively we have two months of pent-up demand that needs to be satisfied.” 

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    Reading the article, the heading "Rental market bounces back with 22% surge in demand" should actually read "Rental market bounces back with 22% surge in online searches" - which of course is a very different matter.

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    Early days to say bounces back, no doubt there will be many marriage break up brought about by this lock down, I have a newly single lady moving into a property tomorrow.

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    And now another newly single, a guy this time, due to move in in 2 wks, will then be fully let again, all these marriage / partner break ups due in the main to lock down, good news for us landlords.

     
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    Apparently, there is an extreme shortage of properties to rent in Bristol at the moment.

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