“The market in Q1 was off to a flying start with generally strong demand and student HMO letting for 20-21 already underway by February. Covid-19 hit and started to disrupt the tenant demand around mid-March. We experienced a sharp spike in tenants vacating, thus bringing much more stock to market, further affecting the time to let and rental levels since. With the current climate being unprecedented, it remains to be seen how the market will settle in the coming months, but with more stock available, we anticipate that landlords will need to be competitive with rents in order to minimise voids or shorten the time to let. We do expect the demand to bounce back by the end of Q2.”
I am a Tenant Landlord
