Blog Post

Demand pressures continue to drive rents higher

TomS - Head Tom Simper Oct 13, 2023, 15:00 PM

Almost one in six rental transactions in 2023 have been agreed at above the asking rent, compared to less than one in 15 in 2019, according to new analysis from Dataloft.

The situation is most marked in London, where 30% of rentals agreed this year were above the asking price and similar pressures are evident across much of the UK.

In the wider South East, 14% of new rentals were settled above asking rents and more than 10% in 4 other UK regions: East of England; North West; South West and Yorkshire & Humber.

Demand for rental properties has been outpacing supply since the pandemic across most of the UK. Average monthly rents have risen 41% since 2019 - compared to house price growth over the same period of 25%. Source: #Dataloft Rental Market Analytics, Information Works, Land Registry

Leave a comment
Newest on top Oldest on top
Load more comments
Thank you for the comment! Your comment must be approved first
comment-avatar

"Excellent service, quick to find tenants and organising final checks, no complaints so far!"

- Steve

"It was super easy to schedule a viewing with Abbey"

- Pamela

"Abbey was very polite, helpful and informative, very professional."

- Robert

"Helpful, cheerful and thorough throughout the whole process"

- Jay

"Peter Anthony's Liverpool branch deserves the highest rating"

- Daniel

"Sean C. - he is a very helpful person! Cheers!"

- Tomasz

"Wouldn't hesitate in recommending Peter Anthony for any of my requirements when it comes to a home"

- Craig

"I will greatly recommend. Keep up the great work"

- Josiane