A prominent London buying agent says her property management team is letting out homes in the capital in a matter of days, and frequently at above the asking rent.
Jo Eccles, who runs property company Eccord, says she runs around 200 homes for domestic and overseas landlords.
“In the house rental market, tenants are renewing their tenancy agreements further ahead of time than normal. Some tenants are requesting to renew tenancies which don’t expire until the summer, as they have looked around and have seen how limited the supply and choice is” notes Eccles.
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Interesting- our rents have been at & above pre-pandemic levels since about August/September. We are regularly seeing properties achieve around 10% above the previous premium. Insane marketplace- great for us and Landlords- a nightmare for tenants on the hunt.
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