How exposed is the rental market in Burton and Derby to increasing unemployment

A quarter of people renting in the UK's top 10 cities work in vulnerable employment sectors: retail, travel and hospitality. We dug into our tenant demographic dataset Dataloft Rental Market Analytics (DRMA), to see which cities had the biggest exposure.

In this series of Briefing notes we consider aspects of the UK rental markets which continue to be vulnerable in the pandemic. So far, the unemployment rate has grown to 4.8% in the three months to September (0.7% higher than the previous quarter). Redundancies are at the highest level since 2009 and are unevenly spread. 60% of the fall in employment has been in the 16 to 24 year age group, with a large proportion in the leisure, retail, travel and recruitment sectors.

We still do not know the true impact Covid-19 has had on employment, with many people on the furlough scheme, which has now been extended following the announcement of a second lockdown.

Yesterday, the government announced that the employment is likley to rise to 2.6 million in the middle of 2021.

So what does the local Burton employement profile look like?

With 24.7% of local residents falling in to the "Distribution, retail, hotels & resturants" sector, a condiderable percentage of the market.

What are the risks and opportunities for Landlords?

Read the full Report Here

Get in touch with us

First Name

Last Name

Your Email Address

Mobile Phone

Are you looking to

Buy

Sell

Rent

Let

Please enter message here

Please confirm that it is okay for us to contact you about this information as well as products and services. (You will always be given the right to unsubscribe at any point in the future)

Confirm

Don’t Make It Personal: Why Statement Features Can Turn Off Buyers

When estate agents tell sellers not to over-personalise their property, what do they mean? Here’s a real-life tale that explains all.

CLICK HERE >

What The October 2024 Budget Means for the Property Market

With PM Keir Starmer warning it would be painful, the new government’s first Budget has been hotly awaited for some weeks now. In this article, we’ll look at what the Chancellor of the Exchequer, Rachel Reeves, announced – paying specific attention to what will affect the property market.

CLICK HERE >

What Will Next Week’s Budget Mean for Landlords?

After months of fevered speculation, Chancellor Rachel Reeves will unveil her autumn Budget next week (Wednesday 30 October). As the announcement could have important implications for landlords, let’s consider what might be included in it.

CLICK HERE >

Why Many Landlords Are Holding Firm – Despite the Doom-Mongers

Are landlords leaving the market in droves, as some experts claim? Or are reports of an exodus exaggerated? Let’s look beyond the hype to find out what’s going on. You may have seen a flurry of headlines lately saying that landlords are leaving the rental sector en masse. Is it true?

CLICK HERE >