And the good news keeps on coming !!26 Apr 2023 10:09
Good article in the Letting Agent Today on-line :-
'New figures today from London-focussed lettings agency Foxtons shows growth in the supply of lettings properties on the market is starting to ease tenant affordability.
It says the number of properties brought to the market rose in March, with listings up 19 per cent compared to the previous month.
This influx of instructions took the total to around 30,000, up from volumes of around 25,000 seen in previous months. Whilst still below pre-pandemic levels of stock, the additional instructions are a step towards a better balance between supply and demand, the agency claims.
The boroughs of Westminster and Tower Hamlets continued to have the highest concentration of new lettings instructions coming to market.
Overall, monthly volumes in the first quarter of 2023 followed a similar pattern to 2022, with South London remaining the most popular area for renters; year-to-date in March, applicant registrations were up 11 per cent from last year, considerably higher than any other area in London.
Applicant demand remains strong and rose four per cent from February to March, with demand reaching similar levels as in March 2022, just a slight one per cent decrease year to date.'
And the full article :-
https://www.lettingagenttoday.co.uk/breaking-news/2023/4/foxtons-says-tenant-affordability-problems-starting-to-ease
Still looking good for Foxtons !!