Back to news

Ten Tenants For Every Property

September 13, 2012 | Company News  

Share this article  

Yorkshire letting agents have said that in the past month the gap has widened between people wanting to rent and available stock, which necessarily means that many tenants are unable to find a home.

Landlords have more options than ever, being able to choose only the best tenants, with professional employment and flawless rental history. And, of course, with ten people chasing every property, vacant properties aren’t staying vacant for very long.

keys_400

The steep rise in tenant applications has been seen particularly in Leeds, York, Wakefield, and Harrogate.

With Leeds tenants staying in their properties for longer, coupled with this immense dogfight for professional property to rent in Leeds, the situation for young people with no rental history, nor the money to put down a deposit on a new home, it wouldn’t be surprising if the record number of people still living with their parents were to increase yet more substantially in the coming years. Not to mention the inevitable rising costs of renting driving more and more tenants out of the market. Hard times ahead for tenants, it seems.

 

Back to news

You may also be interested in…

HOP in the top 5% of all UK Letting Agent Branches

Company News

13/10/2020

HOP in the top 5% of all UK Letting Agent Branches

Read more  
HOP partners with the official charity partner of Leeds Teaching Hospitals, Leeds Cares

Company News

16/09/2020

HOP partners with the official charity partner of Leeds Teaching Hospitals, Leeds Cares

Read more  
Introducing Union. Luxury student living.

Block Management

Company News

26/08/2020

Introducing Union. Luxury student living.

Read more