Tenant demand slows but it's still a record for Autumn – Letting Agent Today

ARLA Propertymark has released its latest lettings market snapshot showing demand reducing – but even so still being a record for the time of year.

The average number of new prospective tenants registered per branch fell in September to 83, from August’s figure of 107. This still remains the highest figure on record for the month of September though, beating September 2020’s previous record of 82 per branch.

Regionally, the West Midlands had the highest number of new tenants registered per branch with an average of 106. 

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This number was lowest in Northern Ireland where there was only an average of 42 new prospective tenants registered in September.

The number of tenants experiencing rent increases fell slightly in September, as 75 per cent of agents saw landlords increasing rents compared to 79 per cent in August.

This is the highest

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