21% Increase In Landlords Searching For Letting Agents

 

In this article we explore the increase in landlords searching for agents and if the surge has impacted rental yields

The stamp duty holiday has created a much needed spark in the property industry, with many buyers looking to take advantage of the tax saving.

Data collected from our letting agent comparison site Rentround, indicates many buyers are readying themselves to place newly purchased properties on the rental market.

Landlord searches on the platform have risen by 21%, since Rishi Sunak’s announcement.

This highlights that buyers are conducting due diligence activities on the potential purchase of a property, bought for buy-to-let purposes.

 

21% Increase In Landlords Looking For Letting Agents

 

 

“The stamp duty holiday has brought a flood of positivity across the property market.

The increase in the number of comparisons run on our platform indicates landlords are looking to add to their portfolios, or that a new wave of landlords are looking to enter the market.

Traffic on the site increased prior to Rishi Sunak’s announcement, based upon rumours that the holiday may apply to the buy-to-let sector. From the 8th of July, when it was confirmed that the holiday applied wider than first time buyers, the number of letting agent comparisons conducted increased dramatically.

I’m proud we’re helping landlords to enter the property market, save on rental fees and connect to their ideal letting agent.” 

Raj Dosanjh, Rentround founder.

The increase in letting agent searches is spread across the nation. However there are pockets of significant increases.

Manchester letting agent comparisons increased by 33%, followed by Newcastle & East London with increases of 31% and 29% respectively.

Volumes of searches in Scotland remained the same, due to the applicability of the stamp duty holiday.

Are you a letting agent?

List your agency on Rentround & start to show in comparisons run by landlords. If your agency is picked by a landlord, you are sent their details to finalise a deal

Rental Yields – Top 50

The latest rental yield data indicates there ought to be higher demand increases in certain hotspots in Liverpool.

Postcodes in this area make up 3 of the top 10 best rental yield areas.

The data also confirms London & its surrounding regions still trial in rental yield returns, with no postcodes in the top 10.

The increase in agent enquiries in this region indicates landlords pinning hopes on longer term capital gains.

# Postcode Avg asking price Average £/sqft Sales per month Turnover (sale) Avg asking rent (pm) Avg yield
1 L7 104,402 136 6 2 859 9.9
2 BD1 58,673 125 4 2 469 9.6
3 SR1 65,478 85     525 9.6
4 TS1 54,978 68 6 2 437 9.5
5 NE6 122,850 156 26 4 783 7.6
6 CF37 124,608 120 22 7 789 7.6
7 L1 114,724 236 6 1 721 7.5
8 S1 113,139 243 5 2 696 7.4
9 L5 97,744 117 6 5 599 7.4
10 M14 176,995 183 14 2 1,084 7.3
11 DN31 71,105 66 6 5 432 7.3
12 LS4 177,341 188 6 4 1,075 7.3
13 M11 142,719 152 7 8 850 7.1
14 L2 132,071 275 2 1 757 6.9
15 S3 109,301 211 8 3 627 6.9
16 PR1 118,515 130 20 2 682 6.9
17 NG1 154,381 227 7 2 874 6.8
18 TS3 80,958 83 11 8 452 6.7
19 L15 140,008 135 19 7 786 6.7
20 IP27 210,490 198 20 10 1,149 6.6
21 LS6 200,063 218 19 2 1,065 6.4
22 S2 115,690 155 22 8 617 6.4
23 LE1 123,656 181 4 1 657 6.4
24 CH41 91,885 94 7 5 482 6.3
25 LL57 155,262 161 10 4 815 6.3
26 NE1 153,582 220 5 1 811 6.3
27 HU9 92,755 102 24 10 487 6.3
28 L8 123,499 169 10 4 647 6.3
29 NR5 224,854 222 17 7 1,168 6.2
30 SR8 85,274 68 27 9 439 6.2
31 M9 137,936 132 21 16 697 6.1
32 DL4 73,637 67 5 4 376 6.1
33 L6 117,479 80 8 3 593 6.1
34 L20 91,793 94 17 8 467 6.1
35 BH9 306,874 290 13 4 1,566 6.1
36 L3 143,963 210 10 1 729 6.1
37 SR5 93,222 111 16 11 468 6
38 LA14 107,835 119 35 14 536 6
39 CV1 167,302 186 6 1 818 5.9
40 M12 154,874 161 5 7 768 5.9
41 LS2 153,814 222 4 2 737 5.8
42 FY1 95,526 88 20 5 464 5.8
43 SO17 216,759 258 13 4 1,045 5.8
44 M6 192,739 165 17 6 913 5.7
45 LS11 120,961 121 14 8 576 5.7
46 IG11 289,259 389 17 4 1,378 5.7
47 L4 102,262 77 19 7 485 5.7
48 L13 111,564 104 19 11 529 5.7
49 LS9 137,434 133 28 11 646 5.6
50 CF10 176,655 224 7 2 831 5.6

Compare Agent Fees Near You

Helping sellers & landlords find their ideal agent

No thanks

Compare estate & letting agents

marta wonder

I got the best priced agent in my area with all the services I wanted. Using Rentround I could see all the local agents in my area after just putting in my postcode.