New Landlord Enquiries Go Down While Tenant Demands Go Up - Tracker

The Yomdel Property Sentiment Tracker has put Landlords in the limelight for statistics that show their current activity. According to Yomdel, enquiry levels for property management and tenant services have plummeted at 31%. These numbers were last seen during the lockdown limbo of April 12.

There's more for optimism for vendors and buyers as both ended with 21% higher than their numbers last year. Web traffic has also followed the trends, dropping 14% on the week. But compared to the data same week last year, the numbers show that it is at 22% higher.

Notably, enquiries from tenants who are looking for new rental properties went against the trends and rose 12% on the week to their highest level in four weeks. In comparison to the same week in 2019, this is 23% above.

The indications, however, show that the demand is more focused on single or family occupancy and not shared households.

Andy Soloman, Yomdel founder & chief executive, said: "It's a really confused picture out there right now.

"Sales progression backlogs suggest up to half of sales agreed before the end of October are at risk of not being able to complete before the stamp duty holiday expires on 31st March, while the slump in landlords reflects how agents are telling us Covid fears are making it much harder to let out shared or multi-occupancy households.

"Estate agents in England are able to continue working under the latest England lockdown, and demand is very much there, but the shifting sands of differing coronavirus restrictions across the United Kingdom make it very difficult to forecast future trends.

"It does, however, appear that new enquiry levels are gradually settling towards levels normally seen at this time of year.

Yomdel Property Sentiment Tracker has a 24/7 live chat service that caters to 3,800 estate agent offices in the UK. They've reported more than 1.5 million chats per year. The data analysed and leads captured in live chat cover January 2019 up to November 8, 2020.