Rental Market Accelerates

Date Published 21 May 2021

* Tenant demand is rising substantially. The busy season is approaching.

* Analysis of tenancy start dates based on data from the past 5 years indicates the market starts to accelerate in June, with nearly one third of all tenancies starting between July and the end of September.

* The demand for rental properties increased significantly in the three months to April according to RICS, however new instructions remain low, supporting rental price growth.

* Affordability, outside space and broadband are priorities for renters. 87% of tenants are keen to know running costs and 79% broadband speed

(Dataloft, Property Academy 2020).