Rental market accelerates
Rental values are higher year-on-year in every area in the UK, except London, than they were a year ago, and excluding the capital the average monthly rent is £853, which is up 6.2% on 2020.
A shortage of supply and continued growing demand is helping to support rental values. New rental properties coming to the market were 9% lower in the first 3 months of this year, compared to the same time in 2020.
However the trends in London are actually the opposite. London has seen an uptick in rents agreed in 2021, however oversupply of properties in the market has meant that values have fallen by 5.7% year-on-year.
If you’re a landlord and you’re not sure you’re getting the right rental price then now is the time to speak to one of our experts to review your properties.
Analysis of tenancy start dates based on data from the past 5 years indicates that the market starts to accelerate in June, with nearly one third of all tenancies starting between July and the end of September.
Our straight-talking approach, combined with extensive market insight and knowledge of local demand will ensure that we can agree a price that works for you.
