fbtrack

Rapid Rent

author-avatar
Statistic about rapid rents.
  • Rental properties are finding a tenant quicker than ever before, with it on average taking 21 days to find a new renter.
  • The RICS residential survey reports accelerating tenant demand, as a net balance of +66% of survey participants reported a pick-up in August, increasing from an already strong reading of +58%.
  • Dataloft Rental Market Analytics show average monthly rent in the UK to be 11% above pre-pandemic levels, year to September 2021 vs year to September 2019.
  • For the coming twelve months, national rental growth projections have moved above 3% for the first time since 2016. Source: Dataloft, Rightmove, Royal Institute of Chartered Surveyors

Source: Dataloft Inform

Related Blog Posts

AdobeStock_423818837

What Does the Latest Base Rate Cut Mean for Mortgages?

This article breaks down what the recent base rate cut means for different types of mortgages, prospective buyers and the broader housing market.

Read More
Picture1

The Number of Sales Agreed Rise by Nearly a Quarter

This article delves into the trends behind these numbers, explores regional variations and considers what the future might hold for those involved in UK property.

Read More
AdobeStock_628652734

Inflation and Interest Rates: What Landlords Need to Know

This article delves into how the recent Bank of England rate cuts and the decline in inflation affect you as a landlord in the UK.

Read More