Summer Surge in Rental Market Activity Reported in Epsom
Mon 17 Jun 2024
As the academic year draws to a close and summer holidays approach, the rental market is gearing up for its busiest period. For letting agents like us here at Kaybridge, the next few months promise a surge in activity as around a third of all new tenancies for the year begin in Epsom and Worcester Park.
Peak Rental Season
Data from Dataloft Rental Market Analytics by PriceHubble, spanning from 2016 to 2024, reveals that approximately a third of new rental contracts are initiated during July, August, and September. This trend is driven by several key factors:
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Graduates Starting New Jobs: As students graduate and step into the professional world, many relocate to new cities or towns, seeking rental properties close to their workplaces.
- University and College Students: First-year university and college students begin their journey in higher education, leading to a significant influx of rental demand as they seek accommodation near their campuses.
- Friendship Moves: Many individuals choose this time to move in with friends, creating a dynamic shift in rental property requirements.
Record High Demand in 2024
This year, the rental market is expected to be even more competitive. The number of students applying for university or college in 2024 is 0.7% higher than in 2023, marking the second-highest number on record. This increase in student applications will inevitably heighten demand for rental properties, particularly in university towns and cities.
At Kaybridge Residential Estate Agents, we understand the unique challenges and opportunities presented by this peak rental season. Here’s how we can help:
- Expert Knowledge: With years of experience in the Epsom, Ewell, Worcester Park and surrounding areas rental market, our team has the expertise to navigate this busy period efficiently.
- Wide Range of Properties: We offer a diverse portfolio of rental properties to cater to the varied needs of graduates, students, and professionals.
- Personalised Service: Our dedicated team provides personalised assistance to help tenants find the perfect rental home that meets your specific requirements, and help landlords find their ideal tenant.
- Smooth Process: We streamline the rental process, ensuring a hassle-free experience from viewing to moving in, for both tenants and landlords.
As the summer season approaches, trust Kaybridge Residential Estate Agents to help you find your ideal rental property, or assist letting your property out.