Rental prices on the increase!

8th June 2022
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Rental

In a recent rental price tracker report for the first quarter of 2022, statistics show the average asking rent outside of London has risen 10.8% compared to what is was 12 months ago. Compared with the same period two years ago, the average rent is now 15% higher. 
The report also shows that available property to let has declined and is down 50%, whilst tenant demand has risen by 6% as against lat year. The reasoning for this is believed to be that due the pandemic and an increase in living costs, renters have stayed in the same property longer than usual and therefore resulting in less movemenet across the market overall.


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