Depleted stock levels and sustained demand have seen rental value growth forecasts for 2022 upgraded, as the lettings market continues to heat up during summer.
Nicky Stevenson, MD of Fine & County UK, adds that while demand for rental properties is soaring, inflation continues to edge upwards and with another interest rate hike to deal with, affordability will increasingly play a part in renter decision-making going forward.
Nicky explains: “Traditionally the busiest time for the rental market, August and September have vied for the top spot for new tenancy starts for many years. In both 2019 and 2021, more new tenancies were started across England and Wales in August than in any other month, and it is likely August 2022 will be no exception.
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