Lockdown Lettings Have Stayed Strong
The news on lettings at the beginning of March was positive and the rental market has managed to stay strong during the current national lockdown. Blinc UK reported recently that even though we went into lockdown on January 4th, a great deal of letting agencies hit the ground running including us here at James Estate Agents.
Lettings in lockdown
The lettings industry has clearly had to make some adjustments however landlords still need to meet their obligations in regard to property maintenance. Therefore, as long as covid safe guidance is followed, all relevant PPE worn and social distancing observed, repairs and inspections may be carried out. Tenants are of course obliged to notify landlords in advance if they are isolating so that visits are postponed. The Coronavirus Act brought in further safeguards and protection of rights during the pandemic but with this aside, the lettings market has continued to thrive. Much like everybody else, the property industry has had to adapt to new ways of working and evolve despite the pandemic and lockdown. A combination of technology and flexible working patterns has allowed James to adapt to the current conditions and remain robust.
How we market property in lockdown
The team at James know that prospective tenants and landlords who use us are investing in what we do so the best way to show that is in our success. A case in point is a property in Hertfordshire that we recently turned around in just a couple of days:
- The asking price was £1425 per calendar month which was agreed with the landlord.
- The price agreed with the successful tenant was £1600 per calendar month.
- We facilitated 10 viewings in total and 8 out of the 10 applicants made an offer on the property.,
- The property was successfully let in 2 days.
- We fielded 30 separate enquiries all asking for viewings on the property.
The level of interest in this particular letting allowed us to pick those individuals that we felt were serious about this property and that were the right fit with the landlord’s needs. We ensure that our properties are marketed using the latest technology coupled with content and images that really showcase its full potential. To ensure minimal contact we were able to select the right tenants to view the property.
Letting agency with a tailored approach
James Estate Agents have been based in Croxley Green for almost 20 years giving us the inside track on the local property business. This knowledge not just of Croxley Green but also Rickmansworth and the surrounding Hertfordshire area puts us in the unique position of understanding the profile of both tenant and landlord. That innate knowledge of what people need allows us to match first class properties with reliable tenants that suit landlords. For us it’s about that building the relationship between tenant and landlord ensuring the properties to let are of a high standard and in turn appeal to tenants who will treat properties with care and consideration.
