Good news for Tenants
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. “
