The average queue of tenants requesting to view a rental property in Britain has lengthened from 20 to 25 in five months, figures from Rightmove show.
In 2019, there were typically six telephone or email requests to see each place. That had risen to 20 by this spring, and five months on it is 25.
Agents described the mismatch between demand and supply as “just crazy”.
Agents described the mismatch between demand and supply as “just crazy”.
Property portal Rightmove said these prices had risen by 10% in July to September, compared with the same period last year.
Average advertised rents on new lets in London also rose to £2,627 a month, 12.1% higher than a year earlier, it said.
Ria Laitmer, lettings manager at Clarkes agents in Bournemouth, said: “The gap between high demand and a severe shortage of rental stock at the moment is just crazy.
“We’re receiving mounting enquiries for each property to rent from would-be tenants, with queues of tenants arriving to open-house viewings and the majority being left disappointed as there is just not enough properties on the market to meet the demand.”
The average queue of tenants requesting to view a rental property in Britain has lengthened from 20 to 25 in five months, figures from Rightmove show.
Agents described the mismatch between demand and supply as “just crazy”.
In 2019, there were typically six telephone or email requests to see each place. That had risen to 20 by this spring, and five months on it is 25.
Property portal Rightmove said these prices had risen by 10% in July to September, compared with the same period last year.
Agents described the mismatch between demand and supply as “just crazy”.
Agents described the mismatch between demand and supply as “just crazy”.
Property portal Rightmove said these prices had risen by 10% in July to September, compared with the same period last year.
Average advertised rents on new lets in London also rose to £2,627 a month, 12.1% higher than a year earlier, it said.
Ria Laitmer, lettings manager at Clarkes agents in Bournemouth, said: “The gap between high demand and a severe shortage of rental stock at the moment is just crazy.
“We’re receiving mounting enquiries for each property to rent from would-be tenants, with queues of tenants arriving to open-house viewings and the majority being left disappointed as there is just not enough properties on the market to meet the demand.”
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