Blog Post

Rapid rents

TomS - Head Tom Simper Oct 8, 2021, 14:30 PM
244_Dataloft_Rapid_rents-01

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

Load more comments
Thank you for the comment! Your comment must be approved first
comment-avatar

"Dewi kept us up to date & was very understanding of my Mum's situation. I would highly recommend selling with this company."

- Jane

"I was shown around a property by Abbey Bird, it was a lovely viewing"

- Sophia

"Friendly and helpful. No problems everything ran smoothly as expected and professionally."

- David

"Went above and beyond helping us secure a home, truly kind people"

- Anya

"nothing written"

- Nadeeka Edirisinghalage

"Sean was really lovely on our inspection. Quick, easy and efficient. Thank you!"

- Roberta

"A great company and great experience."

- Andrew

"As a tenant, this might be the best agency I've worked with so far."

- Jeddy