As the UK emerges from the worst of the pandemic and strict lockdown rules, letting agents are witnessing a change in the major preferences among tenants.
After making some gains at the end of 2020, average rents in London have fallen for the past two months, while rents continue to rise in much of the rest of the UK.
A little over a year on from the beginning of the global coronavirus pandemic has seen multiple last-minute extensions on eviction bans for UK tenants. While this has helped stop people becoming homeless, it has also caused anxiety, stress and loss of income in the industry.
Things change all the time and no country or industry is immune to that fact. One sector which has seen its fair share of change already in just a few years, is the UK's Private Rental Sector (PRS) and now, it's facing yet another challenge - providing lettings accommodation for a broader demographic including older and disabled tenants.
A recent survey has confirmed that 2020 and the early months of 2021 have been difficult for the student letting sector, as average rents and demand for student rental homes declined notably.
While the extension of the stamp duty holiday announced in the budget earlier in March was welcomed by many home buyers and sellers, many renters in the process of saving their deposit to buy were likely less thrilled.