Knight Frank: Rental Market Update
Some notes from Knight Frank’s latest residential market research:
- Demand has risen over the past few months - mostly for more modestly priced properties. At higher price points, there are some properties that have remained on the market for considerable time without finding a tenant.
- New supply coming on stream from so-called ‘forced landlords’ – frustrated vendors who are unable or unwilling to sell their property in the current market and, as a result, have opted to let it out.
- Not only are there more houses and flats on the market than before – there are more highly-specified, well-presented properties on the market than is typically the case.
