Lettings Market Update Summer 2024

20 August, 2024

Despite the recent election, the lettings market remains robust. Rental prices have continued to reach record highs and tenant demand significantly outstrips the supply of available properties. This has enabled landlords to secure suitable tenants quickly, minimizing the void period between tenancies to an all-time low.

There has been considerable media coverage surrounding the changes to the Renters' Right Bill, particularly the potential abolishment of Section 21 Notices. Once this legislation is passed, we will receive the necessary guidance from the government and relay it to our landlords. In light of these developments it's more critical than ever for landlords to partner with an established estate agent. This ensures compliance with the increasingly complex regulations and helps in selecting the right tenant from the outset.

If you are considering letting a property in the Southampton area get in touch with our team on 023 8071 0402 lettings@fieldpalmer.com or request a rental valuation on our website here