Following a record March for Stags Lettings and as we enter the second quarter of 2023, the market, as anticipated, has seen a return to increased levels of activity when compared to the previous 12/18 months.

Greater confidence in the market has encouraged many tenants who had been in long term rental to now move with it bringing re-let stock back onto the available registers. However, with a strong demand still being seen, particularly within the £700-£1000per calendar month range, these properties are not available for long, often with multiple applications for landlords to consider and as a result the shortage of available property persists. 

As predicted, the continued rising cost of living, increased tenant expectation, coupled with a greater level of choice is resulting in properties available at the higher end - £1,500pcm plus, being far more price sensitive and in many cases rents have eased back. 

As we move into a more challenging property sales market some homeowners are looking for alternatives with letting providing a good short to medium term option. The same is being seen in the holiday let/Air BnB sector with owners who have seen the shift in demand and greater void periods now looking for a regular, hassle-free income coupled with someone else looking after the property and gardens 12 months of the year. In addition as rents increase, yields are improving with renewed interest in the BTL sector. 

If you are considering letting as an option or simply after some letting advice contact Lara or a member of your local team who will be happy to help on 01823 447355 or email [email protected]