Just as city centre traffic is reminiscent of life before the pandemic, the rental market in central zones of UK’s largest cities has also bounced back over the last six months.
During the pandemic, across the UK as a whole, rental demand rose after the first lockdown and remained higher than typical levels, especially in wider commuter zones, and in more rural and coastal areas. The reason? Just like homeowners, there was a good number of households in the rental sector who reflected on how and where they were living, and decided to make a move.
But for city centres, and inner London, this was not the case. These markets, which are so attractive to students, city workers and international corporates, experienced a dip in demand as offices shut, amenities closed down and international travel all but stopped.
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