Landlords calling letting agents about property management and tenant services dropped by a third last week with some blaming Covid for a lack of interest in their HMOs.

Tech firm Yomdel’s Property Sentiment Tracker reports that requests are now at levels last seen in the depths of lockdown on 12th April and 25% below the same week in 2019.

“The slump in landlords reflects how agents are telling us Covid fears are making it much harder to let out shared or multi-occupancy households – particularly in London,” Andy Soloman, founder and CEO of the online live chat specialist, tells LandlordZONE. 

But enquiries from tenants looking for new rental properties bucked the trend, rising 12% last week to their highest level in four weeks, and 23% above the same week in 2019.

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“People are not interested in sharing and the market is heading towards smaller occupancy households,” he says.

Soloman (pictured) adds that while the easing of lockdown restrictions sparked record surges in new enquires from vendors, buyers, landlords and tenants, we’re now moving towards levels normally seen at this time of year.

“It’s hard to know what will happen in the next few weeks and months – the shifting sands of differing coronavirus restrictions across the United Kingdom make it very difficult to forecast future trends.”

3 COMMENTS

  1. Tenants may not want to live in shared housing, and in the pandemic may have the opportunity to move back to parents, but when the economy is open again these, mostly young, people will still not be able to afford their own home so I am sure they will return to HMOs.

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