The Hamptons International Lettings Index found that more tenants are staying put and renewing their tenancies during lockdown.
They found that 70% of tenancies due to end in March were renewed, which is the highest number of March renewals since 2008.
This increase in renewals may be linked to rents on renewed tenancies in Great Britain falling -0.5% year-on-year in March; the biggest fall since the index began in February 2014.
Independently, our Lettings team reports that both rental amounts and number of tenancy renewals appear stable based on previous years.
Getting in touch
At Rainbow Estate Agents, we continue to deliver our award-winning service remotely. Please get in contact with our Sales team via firstname.lastname@example.org and our Lettings team via email@example.com.