Main image: Row of colorful residential houses on London street
‘The most competitive rental market on record’: Tenant demand climbs as would-be buyers hold fire
Demand for rental homes is rising as some would-be buyers pause to see what happens with mortgage rates in the new year, says Rightmove.
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Surging tenant demand pushes London to ‘the most competitive rental market in recent history’
“We have certainly seen the most competitive rental market in recent history over the past six months," declares Richard Davies, MD of Chestertons, while Benham and Reeves boss Marc von Grundherr warns…
‘Intense’ tenant demand fuels record prime rental growth in London
Current growth rates 'cannot be sustained,' says Savills, as its prime lettings index records the highest annual increase since it started in 1979.
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Average asking rents have risen by over 20% in Central London over the last year, and by 11% outside of the capital.
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