Does the market slow down in winter? Every winter we notice a slowdown in applications from prospective tenants looking for properties to rent. The obvious reason is that it’s winter, it’s colder, it gets dark earlier, and therefore tenants are less likely to move. In summer however, when it’s warmer and lighter for longer, and people are generally feeling happier, you will get much more movement in the rental market.
One way to combat the winter period is if you are fixing tenants, do not fix them to end over the periods of June through to August. By doing this, you can cut out the worst months and look to have you property go vacant over warmer periods and therefore you’ll have an easier time finding a prospective tenant to rent it. If you have a periodic tenancy, it is not as easy because a tenant needs to only give 21 days notice.