Rental Market Continues to Show Resilience
Despite being locked down throughout January, the rental market once again proved itself to be resilient in the face of national restrictions. Our industry was fortunate to be permitted to continue operating during lockdown, whilst observing strict safety precautions. Previous lockdowns have taught us not to expect a decrease in demand, and January was no exception; over the course of the month, we let more properties than in January 2020, at a higher average rent.
Demand has in fact been exceeding supply; on the last day of the month, we had only five available properties remaining on the market. In the current market, a sensibly-priced property with professional photographs and a quality virtual tour should attract good levels of interest straight away.
We have been scratching our heads of late, wondering what we can do to help our local community get through this current lockdown.
One initiative we landed on was to offer support to homeschooling parents who do not have access to a printer, and are unable to print schoolwork for their children.
We have virtually become a paperless office over the last few years, so this seemed like a very good reason to press our hulking office printer into action. Using the systems we have put in place for key collections, we can also offer contactless collection from our office door.
So please – if we can help with this, do get in touch. We would be very happy to print your schoolwork for you.
In January, we were named as finalists in the 2020 Bath Property Awards, which are being held in March of this year. The awards are run by Mediaclash, the team behind Bath Life, and are a celebration of the local property sector. We’re honoured to be involved, alongside a host of excellent local businesses from across the sector, and look forward to the very creative virtual event that Mediaclash have organised.