NetRent (9)

Up! Up! Up! Huge leap in demand for rental properties

The proportion of landlords reporting increasing tenant demand has hit an all-time high of 62 per cent.

Research undertaken on behalf of Paragon Bank has revealed that the strong tenant demand seen during last year has continued into 2022 after growing to the highest level recorded since 2011, when research agency BVA BDRC started tracking the metric.

Figures for the first quarter of the year suggest that numbers of people seeking privately rented homes have grown consistently throughout the course of the Covid pandemic.

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