Average UK rents reached the highest levels since 2014 with a peak of £996, making it the fifth consecutive month that the price has increased*
When excluding London, data from April highlights that the average rent in the UK is now at £853, projecting a 0.7% increase on the previous month and an increase of 6.2% on last year.
Nine of the twelve regions showed a month-on-month increase in rental values between March 2021 and April 2021, with the North East seeing the highest increase of 2.4%. The South West saw the largest year-on-year rental value increase of 8.6% between April 20020 and April 2021.
As we gradually ease from protective measures, we are expecting to see another spike in demand for rental properties in the BH postcodes due to our popular award-winning beaches, transport links directly to London Waterloo and beyond and thriving local businesses.
Furthermore, since 1st June, the UK government have been taking steps to re-introduce shorter notice periods, seeing the period go from six months down to four, meaning that landlords have time to prepare and safely regain possession of their homes (for more information, click here).
Saxe Coburg are continuing to see strong demand for rental property, therefore we urgently require more stock for awaiting tenants.
If you are thinking for renting, our award-winning team are on hand to give you guidance and support that you may need. Contact us today on 01202 303066, or book a valuation request form here.