Sample blog post.

Adam Orrell, Lettings Director in Dorking, gives some insight into the lettings market post Covid-19 and shares his thoughts on what he feels might happen in the upcoming months.

“Lockdown has been a very challenging time for all, however, the unexpected outcome of this was a surge in tenant demand as soon as the doors opened.  In our branch network covering Dorking to Camberley, Surbiton to Haslemere – and everywhere in between, we saw property inquiries almost double, particularly for houses with outdoor space and additional rooms which can be used as an office.”

Another factor contributing to demand has been the availability of mortgage products for first-time buyers (FTB).  The pool of mortgages available for those with smaller deposits shrunk as we came out of lockdown meaning that many who would have been looking to take their first step on the mortgage ladder have to wait leaving them in the rental sector for longer.

What we did not see during this period was a similar increase in the availability of rental property coming onto the market.  With demand unsatisfied, competition has been high for the limited number of properties available, pushing rental values up by approximately 2.2% (Zoopla Rental market report September 2020).

As always, we will continue to monitor the rental market and we base all of our advice on current market conditions to ensure our landlord’s investments run at maximum efficiency.  If you are a landlord and have a property to rent or are considering investing, please do not hesitate to speak to our experienced lettings team on 01306 776674; we would be happy to help.