Lockdown Job Losses and Urgent Relocations Lead to A Rental Surge
Demand for lettings in Great Britain is up by 22% compared to last year, according to property giant Rightmove.
The lifting of lockdown restrictions has released two months of pent-up demand in the market.
According to data provided by Rightmove, demand for all kinds of property plunged during the height of the lockdown, with the restrictions preventing house viewings from taking place and removal companies unable to assist with removals.
Since estate agents were allowed to reopen on 13 May though, demand for rental homes has increased at a quicker rate than the sales market, according to Rightmove.
It classed demand as the number of times website visitors clicked through to the details of a property listed online.
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