December 2008 showed an increase of 38% on banked business against the same period in 2007 and, for the year as a whole, an increase of 11% across their branch network. In addition, instruction numbers increased steadily month on month from April through to December with increases of a minimum of 12% through to as much as 55%.
Caroline Kavanagh, Townends residential lettings operation director, commented: “These statistics prove that, in the current climate, more people are taking the decision to let their property, whether it be through choice or being either unwilling or unable to accept the true current market value of their property. In some cases, clients are letting out their own property and moving on to rent another one as, currently, this is their only option.”
