Editor's note: This brief was summarised by The Property AI Team from a report by Property118. Read the original article for full details.
Pet-Friendly Rental Searches Fall After Renters’ Rights Act
Searches for pet-friendly rental properties have dropped significantly following the introduction of the Renters’ Rights Act, according to new data. Rightmove figures reported by Property118 show a 54% decrease in searches for pet-friendly rentals in May compared to the same month last year, and a 52% decrease in June.
The data highlights a notable shift in tenant behaviour since the Renters’ Rights Act came into effect. The reduction in demand for pet-friendly properties may impact letting agents and inventory clerks who manage or advertise such homes.
Letting agents and inventory professionals should be aware of these changing search trends, as they may influence marketing strategies and property management practices for landlords considering whether to allow pets in their rental properties.
Source: Property118