Tenant demand reported by landlords has reached an all-time, according to new research conducted on behalf of Paragon Bank.
A survey of nearly 700 landlords found that 67% experienced increased tenant demand during the first quarter of the year, a new all-time high and up from 65% recorded during the final quarter of 2022, the previous record high.
As part of the survey, landlords were asked to gauge tenant demand during the previous three months. Significant increases were noted by 44% of respondents. This is up from 39% on the final quarter of last year and is also the highest proportion since research agency BVA BDRC began tracking the metric in 2011.