“A quarter of contrasts, with subdued activity during lockdown, followed by an instant surge of tenant interest as restrictions were released in late June. So far, we are not seeing any downward pressure on rent levels. Perhaps this will change as redundancies rise over the remainder of the year. Many tenants who had negotiated rent deferrals have started to settle their arrears. In our case, we have cleared our backlog of vacant properties and our currently available stock is typical for this time of year. Many students are sitting on their hands, resulting in a glut of HMO properties on the market.”
I am a Tenant Landlord