9th July 2020

Rental Demand Surges

Newly released figures from Knight Frank have revealed that activity in the lettings market has rebounded in the four weeks since the property market re-opened on 13th May. According to the data, the number of valuation appraisals for lettings properties in the week ending 6th June was the highest number on record and 19% above the five-year average. On the demand side, the weekly number of new prospective tenants was 40% above the five-year average and the second-highest figure this year.