As soaring house prices continue to push up the average buying age, more and more people are looking to rent for longer.
This squeeze on supply has resulted in the average rent price rising throughout the UK. In London, rents have risen to £1,757 – 11.8% higher than in February 2021. *
The imbalance between supply and demand means that the Association of Independent Inventory Clerks is now applying pressure on the Government to increase rental stock across the UK.
Now is the perfect time for new landlords to enter the market and make a good return while providing homes to those who need them.
Have you had a lettings valuation in the past? You may be surprised by how much your potential rental is worth now.
If you’ve got an unoccupied property on your hands, contact us to learn more about our bespoke services and book a lettings valuation.
*HomeLet Rental Index: February 2022