Industry News: UK rental market grows 28%

Financial Times

UK rental market grows 28%

“The UK rental market has grown by 28 per cent year-on-year despite the rate of increase slowing down, research from Hamptons has found.” Click to read original article >>>

The UK rental market has experienced significant growth, increasing by 28% year-on-year, according to research by Hamptons. Despite this growth, the rate of increase has slowed compared to previous years. Contributing factors include a reduction in available rental properties, with 40% fewer homes available than in April 2019. The demand for rental properties remains high, driven by various economic and social factors, including rising house prices and challenges in obtaining mortgages. This imbalance between supply and demand has led to increased competition among renters, pushing rental prices higher.

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Author: Stuart Phillips

Fully CeMap qualified, Directly Authorised by the FCA and with over a decade of experience, Stuart has a wealth of experience in both specialist BTL and residential mortgages.

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