Property rental should move online, says upad

Landlords with empty properties waiting to have tenancy agreements signed may soon find they are using the internet to find tenants for their property.

According to upad, the internet can allow people to search for homes using various criteria so they can be matched up to landlords with properties which meet their requirements.

James Davis, founder and chief executive officer at upad, said: "This industry, which is an inherently offline one, has to move online as it is in other geographical countries and how it is in other industries within the UK."

He believes that the internet could become a "one-stop shop" for bringing together tenants and those entering the buy-to-let property market.

According to the Residential Lettings Survey for the third quarter, published by the Royal Institution of Chartered Surveyors, 27 per cent more surveyors reported a rise in new tenant lettings.

Published on: November 26, 2008

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