October Market Update

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Posted on Thursday, October 1, 2020

Since the Government reopened the property market post lockdown, we've experienced our busiest June, July and August on record. In the four months since lockdown, we have agreed over 250 professional lets.

Lockdown led to a higher volume of tenants leaving rental properties, as people moved home to be with family, for example. It also made people reassess their living environment, and what was important to them. Both these factors have led to, not only to higher demand for rental property from tenants but also to higher than usual supply of available properties. It was the perfect storm, with the huge increase in activity leading to us employing four new team members in two months, as we strode to keep up. Our team is now 22 strong.

The summer months are always the busiest for the professional market, with tenant enquiries being up by around 20% during June, July and August. We then usually see a return to 'normal' levels of demand in the Autumn months. We have started to see evidence of this, however, given the summer we have just experienced, we are expecting the Bristol rental market to remain either good or very good, right the way through to December this year.

Please contact us on 0117 9898 215 or email maya@thelettinggame.co.uk to arrange a valuation of your property.