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June Residential Lettings Update

We are now 3 weeks into June and the enquiry graph tells its own story. With 6 days of enquiries left, we will surpass that of May and be back inline with February and March 2020 thus giving us a faster than expected bounce back.

Whilst we have received more tenant enquiries than expected, we are really happy to see that the use of Video Tours is really demonstrating a quality over quantity approach to letting houses. Since the 18th of May, we have seen our viewing to offer ratio drop from 1-5 down to 1-3 and this weekend, we recorded the highest number of offers since March from tenants looking at properties, while adhering to safe social distancing.

We are also really happy to see there are plenty of new instructions coming to the market for let in June. We are seeing the same with tenancies that have had previous tenants in them, showing a really positive bench mark for the sector that people are looking to move again.

This month sees changes to legislation starting as of the 1st of July with the introduction of EICR reports for any newly signed tenancy. We are also very confident that going into Quarter 3 of 2020, this will see a very busy three months ahead and that we will equal the numbers of last year. If you have any questions or are interested in discussing your property with me please feel free to contact me at any point.

June Lettings update


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