The stock of available homes to let is recovering steadily but remains a long way off pre-pandemic levels, says LonRes. For all price points, there were 11.4% more homes on the market this summer than a year earlier, but 52.6% fewer than five years ago.
Broken down by price point, availability at lower rental values has started to increase, but it has a lot further to go compared to the top end of the prime lettings market. Pricing is key to attracting the right calibre of tenants, so careful vetting is of the utmost importance.
Reliable tenants who wish to stay for longer periods mean a secure income and remain key to investors.
