Source: Foxtons
“The Renters’ Rights Act comes into force 1 May, landing in a busy spring market,” said Gareth Atkins (pictured right), managing director of lettings at Foxtons.
“Between February and March, supply rose 11% while rents remained steady. As competition between landlords builds, pricing matters more than ever. Under RRA, you cannot accept offers above your asking price, so landlords need to be confident that asking prices reflect real demand in their local market.
“For well-presented homes priced sensibly, we expect activity to remain steady, with tenants willing to commit longer-term where they see value.”
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