September 16

Rental properties are letting almost a week faster

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According to Zoopla, rental properties are being let a week faster than in 2020.

Currently, rental properties are securing renters, on average, within 15 days of coming to market.

Inner cities are showing the sharpest rise in demand, with Edinburgh at the top.

Zoopla forecasts that rental demand will remain higher than usual in the coming months, and the lower levels of stock will support stronger rental growth through the rest of the year.

These new figures come just after the portal reported some recovery in major cities, where monthly rents are averaging £790, up from £752 a year ago.

Manchester, Reading and Leeds have moved from negative to positive rental growth territory, while Wigan and Mansfield are leading the pack of accelerated rental growth.

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