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We're looking at renting our flat because we can't sell it due to this EWS1 fiasco, the letting agents are saying they have more 'stock' on their books than ever before. Flats that would normally rent in one day of viewings are now sat there for up to a month.
Annecdata though.
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That's useful, thanks. Looking at plan B of continuing to rent if I can't get it sold in time, so trying to figure out what's going on.
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We're looking at renting our flat because we can't sell it due to this EWS1 fiasco, the letting agents are saying they have more 'stock' on their books than ever before. Flats that would normally rent in one day of viewings are now sat there for up to a month.
Annecdata though.
I've had two EA's round in the past week, both say they have huge stock levels, although they are selling - but not at the sort of money they were getting pre-referendum, and they've both said that confidence is fragile, and that if the end of furlough goes badly they're concerned the the market will stall.
How much of that is designed to give me the hurry up, you decide.
Howard
Dammit
Short term stuff and holiday, yeah for sure. Didn’t know the real rental market has been affected that badly other than the weird changes around not being able to make tenants leave (and in most cases I suspect they do just leave).
What happens in the next six months is anyone’s guess though.