[Croydon 23/06/2023]At the beginning of 2023, the UK rental property shortage has become a crisis for renters, with rent prices rising to record highs and competition among tenants for available properties becoming increasingly fierce. About two years ago, the number of rental properties plummeted by a third, with lettings agencies typically having only ten rentals compared to 16 before September 2021. This has caused rent prices to rise by 11%.



Renters must then grapple with an ever-tense competition for the few available properties. They are often forced to settle for lower standards, pay high rents and face bidding wars with other tenants. To secure a place, they must also act quickly and consider all the options available. Effective renting strategies are now necessary to secure a property.



Work with a reliable real estate agent.



A good real estate agent is now essential in helping renters manage the rental market and secure a place to live. They can guide renters on creating an attractive profile and provide advice on the best housing options for tenants. Estate agencies like Livin Estate Agents can also offer detailed information about the local rental market, such as rent costs and availability, to ensure that renters make the best decisions when it comes to renting.



Utilise technology.



Various online tools can help renters stay on top of the competition and secure a place in the rental market. These online platforms allow tenants to search for accommodation quickly and provide valuable tools for comparing prices and features. Renters can also use apps like Zillow to find rental properties in their preferred area and view photos of the available properties.



Research the area thoroughly.



Tenants must thoroughly research the area to ensure they are familiar with its housing market. This includes being aware of rental costs, what is available and how competitive the market is. They should also understand the local amenities to make an informed decision about where to live and which property suits their needs.



About Livin Estate Agents



Livin Estate Agents is a leading independent UK-based rental agency that focuses on local properties and local living. They offer services such as residential sales, lettings and new homes to help clients find suitable rental options. With over 20 years of hands-on experience in Croydon and Greater London, they are committed to providing quality service for their clients.



See more of their services at www.livinestateagents.co.uk.