The State of the Industry Report is a lettings report which includes findings and summaries from a survey taken part by both property professionals and tenants.
Below I have included what we think to be the most important sections from the reports findings this summer.
More than a quarter of tenants consider moving as a result of Covid-19
According to a recent survey by tenant referencing agency Goodlord, twenty-seven percent of tenants said they had considered moving home as a direct result of Covid-19 and 24% of those who had considered moving said that they would move to a different part of the country. A quarter of those (24%) who had considered moving because of Covid-19 lived in London. Almost a third of tenants said that they would prioritise different features when looking for their next property as a result of the pandemic. (Goodlord State of the Industry Report, Summer 2020)
Proportion of tenants who would make an offer on property viewed virtually
Covid-19 might have also had an impact on the way tenants look for a new home to rent: 32% of renters said they would make an offer on a property that they had only viewed virtually, a further 19% said they weren’t sure. In their own lives, 51% of tenants said they expected to be working remotely, either full time or part time, within the next five years. (Goodlord State of the Industry Report, Summer 2020)
Please email me if you'd like me to send you the full version of the latest Goodlord State of the Industry Report.
Or download it directly here: