Rental demand up 1.3%

The firm says autumn saw the number of new leases come off summer highs in a typical seasonal slowdown, but November demand has seen a boost, due to a rise in the number of short leases being agreed. Demand for rented accommodation is growing strongly year on year, with the number of new leases beginning now 61% higher than in November 2007. David Newnes, managing director of Your Move, says the year had been extraordinary for the lettings market, with renters preferring the flexibility that renting affords. "The credit crunch is showing no signs of abating - what was an ocean of mortga...