June lettings activity matching 2019 levels

17 June 2020 | General

The first fortnight in June has seen new and completed lettings applications surge above 2019 levels in some cases, research from Goodlord has found.

Demand for rental properties has steadily gained paced since 13th May, when restrictions on moving house were lifted.

The busiest day for new applications was 2nd June, when they hit 112% of the volumes recorded on the same day in 2019.

Meanwhile the busiest day for completed lets to date was the 10th June, when activity levels reached 124% of that recorded on the same day in 2019.

Tom Mundy, chief operating officer at Goodlord, said: “It’s been an incredibly busy few weeks for letting agents, landlords and tenants.

“They’ve risen admirably to the dual challenges of a surge in demand coupled with a totally new way of working and doing business.

“We are starting to see some much needed stability and consistency in the market.

“Alongside this, we’re seeing agents embrace new tools, processes and strategies to ensure lettings can continue safely across the UK.”

Since 1st June, completed lets have been running at an average of 94% of 2019 levels.

On each day between 7th June and 13th June, completed lets have remained higher than the 2019 average.

This post has originally been featured in Property Wire.