
During peak rental season, demand for homes is high, leading to swift transactions in the housing market. According to Dataloft Rental Market Analytics by PriceHubble, homes are renting out rapidly nationwide, with a median listing-to-renting time of just 12 days. Over half of all properties find tenants in under two weeks.
1-bedroom flats are particularly popular, often renting within 10 days on average, with 43% let in less than a week. Looking ahead, rental speeds are expected to increase further, based on last year’s data, it took just 10 days to secure a tenant during July and August.
This brisk rental market reflects economic trends and shifting housing preferences. Factors like job mobility and lifestyle changes continue to drive demand for various housing types.
For landlords and property managers, understanding these dynamics is crucial for pricing and marketing strategies. Well-presented and competitively priced properties attract tenant interest quickly, minimizing vacancy periods.
In conclusion, homes continue to let quickly, therefore renters and landlords must act swiftly. Whether renting out a property or finding a new home, staying informed as to what is happening is key.
At JDG we have a huge demand for rental properties of 1-3 bedrooms. If you are a landlord with a property to let, can we talk? We have high quality residents waiting for homes to come available
My name is Josh Heron. You can call me on 01524 843322 or email me at josh@jdg.co.uk.
Thanks for reading
Josh
