Rental demand speeds lettings
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.