Since our last newsletter, demand has remained consistently high across all six of our offices, with our offices recording 63% more registrations than this time last year. This has been caused primarily by very constrained stock in the first few months of this year. We commissioned a survey of other local agents and found that an astonishing 11 of the 13 agents that we interviewed did not currently have a single two bedroom property on their books. Our new instruction level is still strong, so fortunately we still have plenty to show the 400+ applicants who are registering with us every week, but it's very much a landlord's market at the minute.

Alex Vinter (Commercial Director) comments, "We have seen an increase in people wanting to remain in their properties for a further term as they have been finding it hard to find comparable properties". Alex says, "Not so long ago, we would see applicants viewing 5-7 properties over a 2 week period before deciding; this has shifted and applicants are viewing 10-12 often unsuitable properties and are actively looking for a month". Now is a great time to take advantage of disproportionate demand, so do let us know if you have any other properties that we can help you let.