Prospective tenants currently looking for a new home to rent will have first-hand experience of how busy the market is right now.

The number of enquiries each property is receiving from would-be tenants is now 17, according to Rightmove.  The existing level is more than double the 8 at this time in 2019, and is pushing up rental values as a result.  Here in Lincoln, on most available properties marketed by our comoany, we are experiencing enquiry levels of up to 30 per property.

Average advertised rents outside of London rise to a new quarterly record of £1,314 per calendar month (pcm), now 7% higher than last year (£1,231 pcm).