Love Your Postcode reports lettings market strongest in July
Void periods dropped by up to 50% month-on-month, average now 16 days, and rents rose.
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Letting and estate agents in Birmingham
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Void periods dropped by up to 50% month-on-month, average now 16 days, and rents rose.
It outlines the temporary nil-rate increase, the tapering to a £250,000 threshold from 30 June to 30 September 2021, and potential market impacts.
Demand in the West Midlands has increased, pushing rents higher amid limited rental stock and more tenancy registrations, while first-time landlords enter the market due to low interest rates.
Chancellor Rishi Sunak announced it in the Spring 2021 Budget, enabling loans up to £600,000 from April 2021.
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