first_imgThe extraordinary impact of Covid on the lettings market has been revealed after a third of tenants told a survey that they would make an offer on a property following only a virtual viewing.A quarter of tenants also told the Goodlord poll that they are considering a home move, including 27% who want to move because of Covid and 24% who need to move to a new area of the country.But while this will be good for quicker viewings, agent turnover and lettings volume, the report also reveals a widening gap between have and have-nots within the private rental market.A quarter told the poll they were worried about meeting their rental payment in the coming months, while a further quarter said they wanted to move home as they sought more space to accommodate their new home working lifestyle.Missed paymentBut more worrying for letting agents is that 12.5% of those polled said they had either missed a rental payment due to Covid or had agreed alternative payment terms.And just over a quarter of said their pay wasn’t secure or that they were worried about being paid in the future – with only 40% confident of their future income.But somewhat predictably, those aged between 18-34 reported the most financial strain.“Both financial strain for renters and the overall impact of lockdown is translating into some macro shifts for the wider property market,” says Tom Mundy (left), COO of Goodlord.The poll was conducted by Goodlord among 2,750 tenants. Download the full report.goodlord survey goodlord rent Tom Mundy September 22, 2020Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Rental market » Third of tenants happy to rent property without physical viewing previous nextRental marketThird of tenants happy to rent property without physical viewingSurprising comments are made to researchers conducting a survey of the private rental market for letting software company Goodlord.Nigel Lewis22nd September 202001,095 Viewslast_img

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