Revived agency claims 91% reduction in time between listing and let

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first_imgHome » News » Agencies & People » Revived agency claims 91% reduction in time between listing and let previous nextAgencies & PeopleRevived agency claims 91% reduction in time between listing and letExtraordinary performance figures from three-branch NE agency Sanderson Young are explained by booming local rental market, it claims.Nigel Lewis3rd April 20190962 Views A North East letting agency that had to be rescued out of administration in October last year has claimed an extraordinary turn-around in fortunes as its local housing market has revived.Three-branch agency Sanderson Young says its average time between listing and letting agreed has dropped from five weeks to three days.Also, it says that a significant increase in stock in the area has decreased the average number of viewings prior to an offer from between 15 and 20 to three per property.“Now is a good time to let out property because the demand is so high and rental prices have risen,” its regional residential lettings manager Gail McClean told local media (left).“At the moment, 80% of our customer base is outside of the North East. This is a positive reflection on the North East business sector and also [the area’s] appeal [as somewhere] to bring up families and build communities.”Last year some 50 jobs at the company were at risk when financial difficulties over an unpaid tax bill forced Sanderson Young into administration. The company was subsequently bought by founder Duncan Sanderson’s family, and it has since opened a new flagship branch in the town of Alnwick.The popularity of the area with renters was highlighted recently by the BBC, which named Northumberland as one of the UK’s five most affordable places to rent. Tenants in the county pay just 20% of their income in rent compared to 62% in Cambridge.lettings market alnwick Sanderson Young Duncan Sanderson Gail McClean April 3, 2019Nigel 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 2021last_img read more