Editor's note: This brief was summarised by The Property AI Team from a report by Letting Agent Today. Read the original article for full details.
Landlords Seek Lower-Risk Tenants Amid Rising Costs
Landlords are raising rents to manage higher operating costs and are now seeking lower-risk tenants, according to Letting Agent Today. Handelsbanken’s annual Property Investor Report states that 41% of property investors have changed their tenant profile, with a focus on prioritising lower-risk tenants.
This trend may impact letting agents and inventory clerks, as landlords look for support in sourcing tenants who are considered less risky. The report highlights a shift in landlord priorities in response to financial pressures.
Source: Letting Agent Today