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Tenant Demand 2021

Published: 13/08/2021

All regions in the UK saw an annual increase in monthly rent in July. The South West experienced the biggest increase (12.9%), followed by Wales (11.8%) and the East Midlands (10.8%).

According to the RICS residential survey, tenant demand rose for a fifth straight quarter, with a current net balance of +52% of respondents reporting an increase in demand.

Landlord instructions remain in decline, with a net balance of -20%, the fourth consecutive quarter with a negative reading.

The imbalance between supply and demand has put upward pressure on prices and rents are expected to increase by 3% over the next year.

Are you trying to find a new place to live, call Willmotts for property advice or information with selling and or buying a home please email sales@willmotts.com or call 020 8222 9958

#willmotts #propertyexperts #estateagents #lettingagent #charteredsurveyors #willmotts1856 #guildproperty #dataloft #proudguildmember  #propertymarket #tenants #landlords #propertysales #residentialproperty | Source: Dataloft, HomeLet, RICS