Tenant demand set to soar

Belvoir Sheffield reveal 23% of chartered surveyors reported a fall rather than a rise in the number of new landlord instructions in the second quarter.

Related topics:  Landlords
Warren Lewis
25th May 2010
This was up from 18% in the previous quarter, indicating that tenant demand could increase to aberrant levels.

Rick Flay, Director at Belvoir Sheffield, said:

“Here at Belvoir Sheffield we are seeing proof that tenant demand is certainly increasing, to the point where we are seeking out new properties in Sheffield and the surrounding areas.

“We are urgently looking for one and two bedroom flats in Sheffield, along with one and two bed terraced houses in the S1, S2, S3, S7, S8, S10 and S11 postcodes, after a significant increase in tenant enquiries.”

With critics pinpointing the sudden upturn in the housing market as a large factor, many accidental landlords have been tempted away from the lettings market.

First time buyers unable to get a foot on the property ladder are still a major source of increasing demand for good rental properties, with houses remaining more popular than flats, causing a supply/demand imbalance which is also helping to increase rental expectations.

More like this
Latest from Financial Reporter
Latest from Protection Reporter
to our newsletter

Join a community of over 20,000 landlords and property specialists and keep up-to-date with industry news and upcoming events via our newsletter.