
Whilst there will always be some demand and activity amongst renters, it is clear that there are certain seasonal periods that are far better than others for letting agents when it comes to getting the right tenants willing to pay the right price.
These factors can vary depending on the type of tenant and type of housing market a property is designed to enter, but for landlords who have recently ended their tenancy and are looking for new tenants to fill their property, here is how the different seasons look from a market perspective.
January inevitably brings with it a huge flurry of activity in the housing market, as many people who have started to think about moving in November and December will typically wait until the New Year to put it into practice.
It is also one of the best times to buy property as well, as it allows time for landlords to get everything sorted in preparation for the peak rental seasons.
The January Effect is far from exclusive to property, but it is something that you can take full advantage of as a landlord to get the right property ready for the right people.
Spring is often filled with a lot of new opportunities for renting, particularly since it is around the time a lot of six-month tenancies end that were entered into in Autumn.
It also has the benefit of convenience for many renters; there are a lot of bank holidays that take place in April and May, which means that people can move out or move in without having to take time out of work.
The only caveat for landlords who specialise in short-term tenancies, however, is that signing a six-month tenancy too late means that it runs the risk of falling into November or December, which is not the best time to let a property to say the least.
From the very start of July until the middle of October is the peak renting season for many landlords, and this is typically when enquiries will hit their peak for new tenancies.
The reasons can vary; families with school-age children want to get settled during the summer holiday before the end of August and early September, many employers tend to recruit over the summer, and students will typically move in by September, some being far more diligent than others in their new surroundings.
Generally, when getting a property ready, July is the deadline to make sure it is prepared for viewings, otherwise there is a chance you could miss out on a lot of potential tenants.
As soon as the autumnal chill is noticeable around mid-October, a lot of tenancy enquiries tend to slow down, as most people try to get themselves settled into a new property before Christmas.
However, this means that the quality of enquiries you will receive will increase significantly, as people will be highly motivated to move in as soon as possible. It is a great opportunity to find the right people for your property.