According to Zoopla’s latest Rental Index published on 17th May 2022, the demand for rental properties remains high and in turn rental price growth continued to gain momentum in Q1. With the average monthly rent in the UK (excluding London) hitting £830 per calendar month, taking the annual rate of growth to +11%.
Rental demand is particularly acute in city centres as students, office workers and international demand returns post pandemic. At Rook Matthews Sayer, we have around 786 prospective tenants registering with us each month**. With students crying out for the latest HOT PROPERTY, we need your city centre properties to meet our HIGH DEMAND!
The report also shows that the length of Tenancies are continuing to rise too, signalling that some renters may be ‘rolling over’ their rental contract with lower rent rises.
Are you a landlord looking for a long term tenant? We register around 18 tenants for every property we market**, we have tenants waiting for YOUR PROPERTY!
In the North East, asking rents have risen to £573 in March 2022 with an annual increase of 6.9%.
We are experiencing very high demand as the rental property boom continues. Make the most of demand and secure your tenancy today, we still urgently need more properties in all areas to keep up with our high tenant demand!
Don’t delay, contact your local branch or book online today for your free, no obligation valuation!
Landlords, check out what we can do for you… www.rookmatthewssayer.co.uk/landlords/
With sixteen branches across the north east we are here to help
Choose your local branch here; Alnwick, Amble, Ashington, Bedlington, Blyth, Fenham, Forest Hall, Gosforth, Hexham, Jesmond, Morpeth, Ponteland, Ryton, West Denton, Whitley Bay or Commercial at Head Office.
(Article and graphic source ” Zoopla Rental Trends Tracker: Q1 2022, https://advantage.zpg.co.uk/wp-content/uploads/2022/05/UK-rental-market-Q1Final-2.pdf)
**Source: Internal data: 01.01.21- 31.12.21 average monthly figure.