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Rental Demand is Sky High!

Rental Demand is Sky High!

It’s currently a great time to let your property, the rental market is busier than ever, with rents also +3% higher than last year across the UK. *.

We are currently experiencing sky high demand for properties!

Rook Matthews Sayer continues to receive high demand for rental properties, so if you’re serious about letting we have applicants waiting…

• At Rook Matthews Sayer we have grown our rental market year on year for the past 5 years and demand is currently sky high!**
• Rook Matthews Sayer has on average 28.4 tenant applicants per every single property in April this year… More than double that of previous years!**
• Since April 5th 2021, Rook Matthews Sayer saw our city centre tenant applications increase by 7%.**
• Around 700 prospective tenants join us every month.**
• We agree a let every 4 hours.**

Why let now?

• The North East has recorded their highest rental growth since March 2011.*
• Rental demand was 59% higher in April 2021 throughout the UK*
• Elevated levels of demand amid constrained supply will underpin rental growth in 2021 across the UK. In large city centre markets, rental demand is building as offices start to re-open, which will ease negative pressure on rents. ” Gráinne Gilmore Head of Research, Zoopla*
• Despite the increase in rental prices, the North East still remains one of the most affordable regions in which to rent a property, benefiting both landlords and tenants. *
• As lockdown eases, offices start to reopen and amenities start to open up, there are clear signs that demand for city rental properties is on the increase.*

So if you have a property sitting empty, now is the time to contact your local branch. Book your free valuation here
Call 0191 286 9231 or email: info@rmsestateagents.co.uk

 

Stay updated with all our news and view new properties as they come to market by following us on Facebook and Instagram.

 

We look forward to getting you let!

 

 

All information correct at time of publishing
*Source Zoopla Rental Report Q1 May 2021 % increase on figures from a typical April, in the more ‘normal’ markets between 2017 and 2019.
**Internal statistics 01.01.17 – 31.04.21

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