New data from Rightmove has revealed that demand from tenants looking for a new property increased by 7% between May and June. The previous average rise for this period has been just 1% over the last few years.
The figures suggest that the introduction of the new Tenant Fees Act, which became law on June 1st and prevents landlords and letting agents charging certain admin fees, has had a positive impact in the number of people looking to move rental property.
This uplift also suggests people have been looking to move earlier than usual, with the historical busy period being July.
These factors combined with the rental stock shortage of the last few years, means it may take slightly longer for tenants to find the perfect rental home.
With our great choice of rental stock, Andrew Granger & Co are perfectly placed to help those looking to rent a home find a property that will suit their needs. This includes quiet terrace properties or apartments in the bustling centre for under £400 per month. Family homes and large properties are also available, including beautiful and spacious detached 5-bedroomed homes and charming thatched cottages in sought-after village locations.
If you’re a tenant looking to find the ideal rental property in the Leicestershire area or a landlord looking to let a property, Andrew Granger & Co can help. We provide a trusted and comprehensive lettings and management service for over 1500 landlords across Leicestershire and have been members of the Association of Residential Letting Agents (ARLA) since 1999. ARLA is the professional and regulatory body for lettings agents across the UK and membership gives landlords and tenants alike peace of mind by guaranteeing best professional practice. To find out more contact your nearest office today on the following numbers: