Rents in the United Kingdom rose by another 2.47% during quarter 2 of this year. This is the largest increase during the 15 years that The Deposit Protection Service has recorded the country’s rental values.
The UK’s largest protector of deposits also said that average rents had risen £66 from £804 to £870 (8.21%) between Q2 2021 and Q2 2022.
A mixture of tenants moving back into cities, continued desire for larger rental properties with more space and a current shortage of properties of all types is causing rent prices to rise.
Despite the current economic environment, many tenants still seem prepared to pay in order to secure a rental property.
The average rent in the North West now stands at £675 which is an increase of £19 from quarter 1.
If you are a tenant looking to rent a property in South Cheshire or a landlord aiming to enhance your portfolio then please get in touch with one of our helpful agents at our Crewe branch of Martin & Co.
Call us today on 01270 500905 and for all our available rental property please visit our branch website.
www.martinco.com/estate-agents-and-letting-agents/branch/crewe
