Hamptons International Research Department report that the demand for rentals is keeping the market robust and landlords in pocket. Hamptons have seen a 40 per cent rise in the value of all letting renewals. Some landlords are successfully asking for 20 per cent more on renewal of the lease to some tenants, mindful of the market, are signing two year contracts.
Hamptons International also reported a 17 per cent rise in the number of applications looking to rent, while new instructions rose by 10 per cent.
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