Daftwatch Rentals graph is still climbing at breakneck speed. With the students disappearing this month and a glance at the same period last year I think it’ll make 13000 by **the day after ** the June bank holiday, before tapering off for the summer…
Odds by PaddyProximo:
May 27 - 3/1
June 3 - 1/1
June 10 - 1/5
Only a matter of time before the proverbial arse falls out of the rental market - BTLers will feel this where it really hurts.
I’m still amazed the rental scene isn’t getting any coverage in de meedja
I don’t get the student angle on this as being a major factor in the increase in the number of units to let. First of all it is way too early for student accommodation to come up at the this time of year for reletting and secondly, most students whom are happy with the accommodation they have will hang onto it over summer for the next academic year by either working in the city themselves for the summer or doing an informal sublet for the duration.
In previous years rental listings tended to peak during Summer and the tail off in Autumn. But you are right, the normal seasonal pattern has been blown out of the water since last year. Students leaving will probably just make the slope slightly more vertical.
All the students I know are currently in the exam period or just before it, which means that in under a month they will be out of their houses, ie their notice has been handed in. Students also often give up their houses before exams start and come back only for the day of exams, staying with relatives to keep costs down and comfort levels up.
Students the happiest with their house will usually keep it on over the summer, but that is a tiny proportion of students. Usually what happens is maybe one house in 5 is kept on, anyone around for the summer will move in and the other houses will be let go.