“Q3 has shown a further dramatic upsurge in demand for rental properties, with prospective tenants competing against multiple applications on properties. As a result, rents continue to rise to previously unseen levels; lessening the landlord’s increasing burden of financing BTL property. Our existing tenants confirmed that the trend of ‘staying put’ in their properties remains preferable to trying to secure new tenancies at inflated rents, with offers over the asking rent frequently being made. We expect these behaviours to continue ahead of the likely introduction of rent controls in 2024. While the framework of this remains uncertain, landlords face a nervous wait until key procedures and limitations are revealed.”
I am a Tenant Landlord
