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.