Rental de­mand speeds let­tings

Yorkshire Post - Property - - PROPERTY -

DE­MAND for rental prop­erty is so high that it’s not un­usual for homes to let in less than a day, ac­cord­ing to lead­ing Leeds based let­ting agent Mor­gans which spe­cialises in city cen­tre apart­ments as well as rentals through­out north Leeds.

The com­pany’s north Leeds of­fice, on Ot­ley Road in Head­in­g­ley, re­cently let sev­eral prop­er­ties within 24 hours of them hit­ting the mar­ket.

Man­ag­ing di­rec­tor Jonathan Mor­gan says: “A chronic short­age of rental stock means it’s not un­usual to have as many as three or four po­ten­tial ten­ants try­ing to rent ev­ery prop­erty we bring to the mar­ket.”

The high level of de­mand is also en­cour­ag­ing grow­ing num­bers of in­vestors.

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