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Under the skin of the letting market

Here we share news and views on both the local letting market in & around Oxfordshire and all planned and recent legislation.

The motivated minority

This might have the air of a ‘welcome back’ address and that is unavoidable: the extra Bank Holiday and late Easter in effect created a second Christmas break at the end of April. So this feels like the proper start of the Summer…

From a letting point of view, the Easter / Royal break behaved like Christmas time as well:

  • Clearly a lot of people were on holiday not just between the Bank Holidays, but before and after making it a 2 or 3 week experience
  • Yet a minority of applicants are motivated and decisive

The result: in the so-called ‘dead 3 days’ we let 19 properties. While many people were snoozing off their Royal celebrations we negotiated some excellent new tenancies and fixed a number of strange and complex property management issues. This is not bad considering that parts of Oxfordshire felt as empty as they do from 27-30th December.  

 For example:

  • A 5 bedroom student house in East Oxford let on the first viewing, marketed at £2400 pcm
  • A 3 bedroom terraced town house in Oxford, marketed at £2100 pcm

To see other homes let recently click here.

It is interesting that our online email enquiries rose 17.5% from March to April. Now of course these are enquiries – not deals completed – but the figure is illustrative of a busy letting period arriving for Finders Keepers. The high volume of tenancies ending in the summer, the academic year, the school summer holidays: all these help the letting market spike in the hottest months of the year.