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Rental demand continues to run well ahead of supply

According to the latest research, rents across the UK are up 4.6% compared to this time last year, and up 6% excluding London which is a 14 year high for the rental market.*

This increased level of demand for rental properties in recent months is down to supply remaining low, down 43% compared to the five-year average, putting increasing upward pressure on rents.*

We expect demand levels to remain higher than usual in the coming months, most notably in city centres where pent-up demand is being released as we see a resumption of 'normal activity'.

The average time it takes for a property to be rented was just 15 days as of the end of the previous quarter, showing tenants are snapping up properties faster than ever before.*

So if you have been thinking about taking advantage of this year's rental market conditions but don't know where to start, why not contact our team today for more support.

 

Value your lettings property in less than 60 seconds

 

*Zoopla

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