Winchester lettings market update

Belinda Wright, Lettings Manager at Winkworth in Winchester

Traditionally one of the busiest times of the year, Winkworth Lettings is pleased to report that activity is even higher this July following the country’s referendum on leaving the EU.

Belinda Wright, Lettings Manager at Winkworth in Winchester shares her observations: “It appears that the main area to have been hit by uncertainty is within the commercial sector, especially in London, which has led to a widely-reported slow down.

“There was always going to be a sector of buyers who would either have to renegotiate on their purchase for one reason or another, or indeed would use Britain’s decision to leave the E.U. as an excuse to re-negotiate on price. Some of those who don’t have to move will possibly stay put for a while.

“If a need to move for a job is on the cards, there is evidence that some re-locators have decided to let their current home and then rent a property themselves elsewhere for the short or long term. This set of circumstances invariably creates an increase in the volume of business in the lettings market, fuelled by both supply and demand.

“When sales are slightly quieter, lettings is often busier and that is the way the market ‘see-saws’.”

From the sales point of view, Winkworth is encouraged to report that only a couple of transactions have been affected by the Brexit decision and there are still strong demands for good properties at all price points.

Belinda and her team are on hand and very happy to answer any queries from prospective landlords who would like to know more about the practicalities of offering their properties for rent. 

Belinda can be reached on 01962 866777 or