Our quarterly Rental Market Report is based on our analysis of tens of thousands of rental data points across the UK. The report gives an industry-leading view of rental market performance.
In this quarter’s report, we reveal our latest research on:
– The latest rental growth, supply and demand stats
– How are regional and city centre markets performing?
– What’s the outlook for the rental market in 2022?
On a regional basis, rents in the South West of England climbed 3.3% between June and September, and are now up 9% on the year, making it the region registering the fastest rental growth in Q3.
Some areas in the South West have seen real pressure on the supply of rental properties amid higher demand, especially during the pandemic, as some households looked to move to more rural and coastal areas.
The average time to let out a property (between listing and rent agreed) was below 10 days in the South West in Q3 – the only region where this is the case.
Rental growth is close to, or at 10-year highs in most regions across the UK, except London and Scotland, as rental demand continues to outstrip supply. There is also a correlation between the regions which have the highest rental growth and their relative affordability.
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Our quarterly Rental Market Report is based on our analysis of tens of thousands of rental data points across the UK. The report gives an industry-leading view of rental market performance.
In this quarter’s report, we reveal our latest research on:
– The latest rental growth, supply and demand stats
– How are regional and city centre markets performing?
– What’s the outlook for the rental market in 2022?