Tenant demand appears to have returned to the capital’s rental market as the pandemic freeze continues to thaw.
Analysis from London estate agency Bective shows that in the six months between October 2020 and March 2021, the number of new applicants rose by 34% when compared to the previous six months (April 2020 to September 2020).
However, in the last six months alone, the level of tenant applications for London rental properties has more than doubled, up by 104% versus the previous six months (October 2020 to March 2021) and 173% when compared to the peak of the pandemic last year (April 2020 to September 2020).
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