Letting agents 'will be busy up to Christmas'

News Category: Industry News

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Letting agents and landlords are likely to have high levels of tenant activity in the run-up to Christmas, with 65 per cent of tenants looking for new accommodation hoping to move in before the end of the year.

The sustained high demand is a contrast to the typically quiet periods experienced by landlords and letting agents at this time of year.

But with tenants currently cautious about purchasing their own home and rents expected to increase next year, December is expected to be a busy time for those in the residential lettings sector.

Phil Calderbank, director at Lettingsearch.co.uk, the company which carried out the survey, said: "All signs are pointing to high levels of market activity right up until Christmas itself, which is great source of seasonal cheer for lettings professionals, allowing them to cut down on void periods."

Last week, Rics predicted that rents will rise next year due to a drop in the number of rental properties coming on to the market in the third quarter of 2009.

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