Tenants struggling with the rising cost of living and surging energy prices are choosing to stay put rather than move to a new property and risking a rise in rental costs under a new contract, according to research from estate and lettings agent, Barrows and Forrester.
The firm has revealed that tenant demand has started to fall across England’s rental market, with demand down by as much as -29% in some parts of the country.
The Barrows and Forrester Rental Demand Index monitors rental listings across the nation, taking an average demand score for each English county based on the number of properties already let as a percentage of all rental listings, highlighting where demand for rental homes is at its highest.