Property Investors Weekly News: 23/08/2021
This week we’ve pulled together some of the hottest news stories around property investment for your reading pleasure! So strap in, turn off the tv and get ready for some updates:
Demand for rental housing hits five-year high
Landlords say tenant demand is highest since 2016 as COVID restrictions ease.
The National Residential Landlords Association said a survey of its members showed that nearly 39 percent believed demand for homes to rent increased in the second quarter of 2021 (April to June) – a five year high and an eight-percentage point increase on the first quarter.
London rental market heating up as demand increases and supply falls 42%
The number of properties available to rent in London has fallen by 42%, according to estate agency Chesterton’s.
The estate agency compared data from July 2021 to July 2020 revealing a 19% increase in the demand for rentals across the capital.
Airbnb and other short lets performing strongly for investors
A tracking study, conducted in partnership with the UK Short Term Accommodation Association, revealed how Airbnb and other short term let platforms were performing very well. Not only is occupancy up, but average length of stays is also steadily increasing too.