Rental Market Buoyant

  • 1
House for rent

A surge in demand from tenants this spring has pushed rents back up to record high levels during April and May, recent research indicates.

The average cost of renting a home in the UK has increased by 0.8 percent during these months to £692, which matches the record reached in November last year prior to a seasonal downturn.

Rents are continuing to be pushed upwards by strong tenant demand, as would-be buyers were forced to put plans of purchasing on hold, while they raised the substantial deposits that in many cases are still required.

Competition is fierce and tenants are paying a premium to secure properties. The rate of increase is unlikely to tail off as lending to first time buyers remains subdued and demand for rental homes is stronger than ever.

Compare listings

Compare
Call Now Button