Tenants Market – January 2021

28th January 2021

Whilst the back end of 2020 was very busy – we had our busiest December ever – it’s safe to say that the lockdown introduced in January has seen the market quieten. That’s not to say that the demand has dropped, we believe the underlying demand remains very strong, but there’s an element of people sitting tight for the time being. This also leads to a lack of supply of rental properties and that has been a big issue for us in January – virtually every property we’ve marketed had gone.

I’m sure things will pick up as and when restrictions are lifted and it wouldn’t surprise us to see a repeat of 2020 when demand and activity soared after the relaxing of the first lockdown. For tenants, advice would be to get their notifications set up on the portals and phone agents if and when you see a property of interest – often easier to get a viewing if you phone up rather than one of dozens of e-mailed enquiries!

View more: Local Market Comments, Tenants Market Comment

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