2 months ago | 3 comments
Letting agents in Nottingham are managing the largest number of homes to rent per office among Britain’s major cities, according to new research.
Tenancy platform Propoly has crunched the numbers to find that the city has around 3,714 homes to rent handled by 106 letting agency branches.
That works out at roughly 35 listings per office, the highest level recorded in the analysis.
Across the 21 cities studied, there are an estimated 72,537 homes to rent and 5,382 letting agency branches operating within those markets.
The figures place the average workload at 13.5 listings for each branch.
Propoly’s group chief executive, Sim Sekhon, said: “These figures highlight just how operationally stretched many letting agents are, particularly in high demand cities such as Nottingham, Leeds and Newcastle, where the volume of listings per agent is well above the national average.
“When an agent is responsible for 30 or more properties at any one time, the pressure is not just about marketing and viewings.
“It extends to referencing, compliance checks, document management, landlord communication and ensuring every tenancy progresses smoothly from offer to move-in.”
He added: “As portfolios grow, so too does the risk of delays, administrative bottlenecks and compliance oversights.”
However, the data shows huge variation with Leeds ranking second with agents dealing with around 30.5 listings per office.
Newcastle follows with 21.1 and Birmingham records 18.7 listings per branch.
Leicester and Sheffield both sit at 18.6, while Bournemouth averages 18.2.
Newport has the smallest ratio in the study, with 5.2 listings for each branch.
Glasgow records 7.2, Manchester averages 10.1 listings per office, with Swansea close behind at 10.2.
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