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June lettings activity matching 2019 levels

The first fortnight in June has seen new and completed lettings applications surge above 2019 levels in some cases, report Property Wire following research from lettings platform, Goodlord.

Since the start of the month, completed lets have been running at an average of 94% of 2019 levels and between 7-13 June, they were higher than the 2019 average.

Infact, demand for rental properties has steadily gained paced since 13 May, when restrictions on moving house were lifted.

The busiest day for new applications was 2 June, when they hit 112% compared to 2019 and busiest day for completed lets to date was the 10 June (124%)

Chief operating officer at Goodlord, Tom Mundy said: “It’s been an incredibly busy few weeks for letting agents, landlords and tenants.

“They’ve risen admirably to the dual challenges of a surge in demand coupled with a totally new way of working and doing business.

“We are starting to see some much needed stability and consistency in the market.

“Alongside this, we’re seeing agents embrace new tools, processes and strategies to ensure lettings can continue safely across the UK.”

22.06.20

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