Tenants fight for property
SELF-SERVICE lettings business Upad says it received 19 tenant inquiries for every property last month.
James Davis, founder of Upad and a landlord for the last 14 years, said that demand is now sky high. He says: “Upad received double the amount of calls from tenants last month compared to the start of the year, and Rightmove’s rental stock is down circa 10 per cent year on year.”
He adds that room rents in larger house shares are particularly in demand
“It’s interesting to see how tenants are trying to make savings. While living in a houseshare with five other people isn’t necessarily ideal for many, rents are often lower and bills are split.”