Chestertons says extraordinary reduction in stock is down to landlords selling up and switching to Airbnb short-lets.

Chestertons says parlous state of short-lets market for landlords and hosts has forced many back to the PRS.

The London agency reports that it has has registered 2,369 new tenants needing to move, conducted 3,432 virtual viewings and agreed 199 new tenancies during Lockdown.

Following a substantial increase in demand for short term stays, Chestertons has strengthened its Short Lets division, appointing Elliott Tooley and Sammie Steepe.

Chestertons has promoted Daniel Fisher to Lettings Regional Director, South West London.