Rental Fast Facts

21 April 2022

If you’re looking at the rental market it’s important to understand what’s going on in the property world so you can make the right decision. Here at Home Minders we try our hardest to understand what our clients are looking for and help them with a personal service tailored to their specific needs.  

Rental fast facts:

  • People between the ages of 35 and 44 are three times more likely to rent than 20 years ago
  • Rental levels which saw a reduction last year are now rising and demand is huge. Properties are being snapped up within minutes – family houses with gardens, flats with balconies and extra space is at a premium
  • London is open for business with international investors back in buying mode and international students returning with an average of £30k to spend on annual rent
  • The cost of living rises are an issue. Even if tenants are financially resilient, many are keen to continue to rent whilst the market settles and they decide what they want and where. Renting provides flexibility regarding location and price point offering a medium-term option.