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What are tenants looking for?

Are you looking for a new rental property?

The private rental market has performed consistently throughout the pandemic to meet tenant demand, but do you know what is next in store for the rental market?

Whether you are just starting out on your journey as a landlord or adding to your current portfolio of properties, it's important to focus on what tenants are looking for in their next rental home, and where they are looking.

The last year alone has shown that tenant priorities can change in such a short matter of time, so being able to adapt to changing tenant demands can put you in a much better position to not only find the perfect tenant for your rental property, but also get the best rental yield for it too.

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So what are prospective tenants looking for as we head into the new year?

Location

Location

With the majority of the population returning to more normal working routines, city or town locations are growing in demand.

However almost a third of landlords are opting for more rural locations, indicating that many prospective tenants are still searching for properties with more space both indoors and outdoors, as many continue to work remotely or are opting for a hybrid approach.

Property type

Property type

Choosing which property type to invest in is dependent on your budget as well as your target tenant.

The favourite investment property amongst landlords is currently semi-detached houses, closely followed by terraces and flats.

We are still continuing to see strong demand from tenants as we enter the new year, showing signs of a strong lettings market predicted for 2022.

For further information on how you can start your buy-to-let journey or to see the full range of services we offer to our landlords, click below.

Talk to our lettings team at Bramleys

 

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