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June 2014 Lettings Market Review

June 13, 2014 | Company News  

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Let-Leeds has seen a 121% increase in site visits this month from professional Tenants viewing properties accross Leeds. In light of increased demands we recently took on our 4th lettings negotiator to cope with the amount of viewings, and have increased our opening times to 7pm every weekday and 5pm on a Saturday.

In regards to new properties to let, we are seeing a lot less stock becoming available to meet tenant demand, due to a high percentage of tenants renewing contracts for further terms. This seems to be increasing rents slightly for 1 and 2 bedroom flats and houses.

The PRS seems to be consolidating with many portfolio landlords purchasing new properties, and many accidental landlords who entered the PRS during the recessison are now selling their properties.

 

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