50,000 rental properties needed to bring supply back to pre-pandemic levels 📈
#CAVENDISHEXPERTS! The logical choice for Lettings, Sales and Property Management in Nottingham | Cavendish Residential | One Fletcher Gate NG1 1QS | 0115 941 0656 | www.cavendishproperty.co.uk
Latest Rental Report by Rightmove (click here to download PDF in full)
50,000 rental properties needed to bring supply back to pre-pandemic levels
🔸 Average advertised rents outside of London rise to a new record of £1,291 per calendar month (PCM)
🔸 Average rents 8.5% higher than last year, but continues to slow...
🔸 The rental market is still extremely busy, with nearly 50,000 rental properties needed to bring the supply of
rental homes back to pre-pandemic levels
Lots more people available to rent, not as many properties available
🔹 11% more properties to rent than last year, but 26% below 2019
🔹 17% less people looking to rent, but 54% above 2019
🔹 13 enquiries per home, down from 19 at this time last year but nearly triple the 5 in March 2019
Affordability definitely an issue, as price reductions hit 5-year record
How much is your rental property worth? Find out in less than 60 seconds! ⌛
🌟 Instant online valuation (immediate response, 60-70% accurate)... Click here 🌟
🌟 Remote consultant valuation (24-hour response, 80-90% accurate)... Click here 🌟
🌟 Face-to-face visit (time to suit you, 100% accurate)... Email expert valuer lisa.dahl-parsisson@cavendishproperty.co.uk to get started 🌟
If you are looking to rent out your property, complete the 'Get in touch' form on this blog post and our expert team will be in touch 📧
📸 Head Valuer and Asset Manager at Cavendish Residendital 📸
☎📧🗨
For our Daily Property News | Like, Comment and Share | Click here
#CAVENDISHEXPERTS! The logical choice for Lettings, Sales and Property Management in Nottingham | Cavendish Residential | One Fletcher Gate NG1 1QS | 0115 941 0656 | www.cavendishproperty.co.uk
For properties for sale in Nottingham from Cavendish Residential click here
For properties for rent in Nottingham from Cavendish Residential click here
Latest from the BEST ESTATE AGENT in Nottingham 🏆
Latest from the BEST LETTING AGENT in Nottingham 🏆