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

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