Tom Mundy, COO of Goodlord, comments:
“This was certainly an interesting month for the market. There’s clearly a huge amount of demand for available properties and costs are remaining consistently high, but we do seem to have firmly come down from the price peaks seen last Autumn. And, at the same time, this was definitely a slower paced month than we’ve become accustomed to. January isn’t traditionally the busiest month for lettings, and the void numbers reflect this. The tenant salary numbers are also noteworthy, hitting a new high this month, with year on year increases to pay continuing to outstrip the average rise in rental prices.”