Booming demand for suburbs according to buy to let specialist

Booming demand for suburbs according to buy to let specialist


Todays other news


Booming demand for homes in commuter zones and well-connected towns is causing a mini-boom in the lettings market.

That’s the view of buy to let specialist Thirlmere Deacon which says fall out from the pandemic has left more renters demanding more space in larger properties in the suburbs.

Rents outside London are up eight per cent in the past year; but the capital itself has swung into reverse with average rents in inner London falling 17 per cent annually according to Hamptons lettings agents.

This rise in rents of newly let property outside London is the highest since 2012; rents grew in outer London by five per cent and in the South East by 10 per cent.

Thirlmere Deacon director Stuart Williams says: “Investors who have been closely monitoring market movements will recognise that there’s been a shift in tenant preferences and an increased demand for properties located in commuter towns.”

Share this article ...

Join the conversation: Login and have your say

Subscribe to comments
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Recommended for you
Related Articles
After breaking records in July, rents remained high in August...
Housing Minister Matthew Pennycook has written to one of the...
The biggest rental sector headline from Labour’s manifesto may well...
A new Renters' Rights Bill is to be introduced into...
Recommended for you
Latest Features
A tenant campaign group has suggested landlords exiting the sector...
Rental platform Goodlord has taken steps to help letting agents...
Sponsored Content
B-hive Block Management Partners Celebrates Major Milestone With Over 100...
We’re absolutely delighted to announce that, after 10 years, we’re...
You don’t have to simply accept things as they are...
0
Would love your thoughts, please comment.x
()
x

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here