Regardless of these statistics, research shows that the UK rental property sector has experienced an increase in the demand for homes. Many people who weren't looking to move are now in search for homes for reasons such as; new job opportunities, job losses, a change in surroundings, etc. As a result, there is a new interest for many who wish to invest in this area.
Rental searches had declined over the past few months owing to the varying levels of lockdown restrictions. In fact, Zoopla had indicated that the fall-off in demand was as high as 55%. But, as domestic and international tenants resume activities, there is now an uptick in the market. The Royal Institution of Chartered Surveyors (RICS) confirmed the increase in its July 2020 UK Residential Survey.
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