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Are you thinking of renting out your property?

Are you thinking of renting out your property as rental market remains stronger than before the pandemic?

The rapid pace of growth in the rental market will slow in 2022 but the enduring rate of increase should still be above pre-pandemic levels.

That’s the view of Hamptons, the lettings agency, which forecasts that the 2022 rental market will continue to be supported by tenants’ willingness to pay for extra space and by unprecedentedly low levels of stock.

“We forecast that rents will rise by an average of 2.5 per cent in 2022 across Great Britain, following an increase of 3.0 per cent this year. Growth will be dictated by what happens to peoples’ incomes in 2023 and 2024” explains Hamptons.

It adds that the regions outside London, where affordability is less stretched, will see stronger growth.  Rents seem set to move in similar directions, with no significant North-South divide.

For more info on the market- https://www.lettingagenttoday.co.uk/breaking-news/2021/9/rental-market-to-remain-stronger-than-before-the-pandemic

To discuss your property rental options please call Ashley or June on 01505 613799.