“Student Season” Increase in Lets and Valuations. Why?

Hey folks, Paul here again @ Godiva. Apologies for the delay in updating the Blog but it has been extremely busy here in the office and out on the road with viewings!.

So as the “Student Season” for lettings draws to a close and those little niggly teething problems ironed out we can start to focus on the everyday part of the business and those residential lets. So to start with we found this year was our busiest, both in terms to Properties let to students and the amount of Landlords old and new enquiring and enlisting us to help.

Whilst this is no surprise of the actual move ins lodged it is a surprise however on how many valuations requested for student landlords. An increase of 225% over last years 3rd quarter alone. Now we have time to reflect, we have been discussing the rise in valuations. Could it be website advertisements we have been running or the Facebook campaigns? Could it be recent change in how we appear on the high street or simply word of mouth? We believe it could be any or all of those, but, many of the new landlords coming in have been unimpressed with their current agent, lack of contact and interest generated, now this could be down to the lack of interest from students as a whole…. Who knows? So while we ponder this more will we ever know why there are still plenty of empty student advertised properties? I am just glad to be privileged with such a fantastic team and great landlords with great properties that we have been blessed to let out to quality student tenants.

Leaves plenty of food for thought for a possible January intake or re evaluate for next years “Student Season”.

If you’re a landlord looking for a little help with any of the changes happening or even looking to enlist the expertise of an industry leading lettings specialist then feel free to get in touch. Coventry 02476 222441 info@godivaestates.co.uk @GodivaEstates www.godivaestates.co.uk.

For more on the Coventry Property Market Blog please click here

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