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Good news for Tenants

byTrevor Hames

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Good news for Tenants

  • 12% jump in number of available rental properties leads to slowest annual rate of increase since 2014
  • Overhang of last year’s buy-to-let surge leads to more choice for tenants and slower annual rate of increase in rents:
  • Number of available rental properties on Rightmove up 12% compared to the same period last year
  • Annual asking rent growth of 1.8% is the lowest since Q4 2014, and less than half the annual growth of 3.9% recorded a year ago in Q1 2016
  • Uplift in available properties means it is taking 10% longer for letting agents to secure suitable tenants than this time last year, and almost 20% longer in London

Comment from Trevor Hames

"Demand for rental properties in Cambridge has remained strong. We let our student properties in the quickest time ever. “

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