Number of prospective tenants continued to rise in February – Property Wire

In February, the number of new prospective tenants in the UK rose for the second consecutive month according to the latest Private Rented Sector report by ARLA Propertymark.

The data showed that the average number of new prospective tenants registered per branch continued to rise in February to 82, from January’s figure of 81. Year-on-year this remains the same as February 2020 but is a huge leap from the previous February figure of 65 in 2019.

Regionally, the West Midlands had the highest number of new tenants registered per branch with an average of 126, with the East Midlands having the second highest of 123 new tenants. Northern Ireland and The Isle of Wight both recorded the lowest number of new prospective tenants, with an average of 26 registered per branch in February.

The number of tenants experiencing rent increases jumped in February as half (49%) of agents saw landlords

Continue reading this article at https://www.propertywire.com/news/number-prospective-tenants-rise-february/