I have a wealth of information available in the back end of Rightmove and Zoopla, and interestingly I ran a search on just how many people are actually actively looking for houses to rent within said portals.
This week alone, prospective tenants looking for houses in Paignton searched 9877 times. People searching for houses in Torquay searched 17913 times!
These figures are quite astonishing, as a quick search online shows there is nothing remotely close to this amount of houses available in these towns. We can write off a small percentage to holiday makers searching what it costs to rent in our part of the world, and another small portion can be afforded to tenants seeing if there is anything better on offer or buy to let investors doing a bit of research.
One thing is for sure though, even if these figures were 50% less, in Paignton and Torquay, we have a definite housing shortage, not just locally but nationally too.
If you are considering a buy to let investment or already have houses that you rent out, please feel free to contact me for an informal chat 🙂