Managing director of Your Move, David Newnes, said: “This year has been extraordinary for lettings. People like the flexibility that renting affords, especially in a market like this. The higher number of short lets has arisen because people in the street are beginning to recognise the massive value in the sales market. They want to be able to snap up bargains if and when they can get a mortgage.”
Demand for rented accommodation is growing strongly year on year, with the number of new leases beginning now 61% higher than in November 2007.
