What are the busiest periods and areas of highest demand for residential lettings?

What are the busiest periods and areas of highest demand for residential lettings?

10:53 AM, 12th August 2014, About 7 years ago 1

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I am doing a little market research and find conflicting information on the Internet so thought I might get some real feedback on Property118. I am working on a report “Ideal Property, Location and Time of Year to get tenants quickly with minimum void periods”

I am trying to establish what areas of the UK have the highest demand for property rentals? What type of properties let quicker with little void periods example terraced 2 beds, semi 3 beds etc.

Also what do you believe from your experience is the best time of the year to secure lots of tenancies. I know this is a very broad question and difficult to answer exactly but I would be really interested to hear the views from real landlords and agents for my research.

I am also looking at various statistics available online and will be happy to share my findings to the above questions once I have documented all my findings from different sources.

Thanks for your advice in advance

James

 



Comments

by Rob

11:04 AM, 12th August 2014, About 7 years ago

Hi James, I have 2 bed 2 bath flats in Reading Maidenhead and Windsor (Berkshire) ranging from £925-£1500 pm furnished. Ive been a landlord for 11 years and beleive it or not ive only had 1 void period in all that time which was for 6 weeks due to a tenant leaving me with a refurb. Normally a tenant moves out on say Friday and a new one moves in on Monday (i suppose you could call that a 2 day void but i dont) Worst times to rent in my areas as might be the case for most is December + January (Xmas and new Year plans) And July (Most are on hols) all other months are fine for me. Hope thats useful.


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