New data from the UK’s biggest property website Rightmove reveals that a greater proportion of renters are leaving London to find a cheaper place to live or to get more for their money, and we’re benefiting with an influx of tenants registering for homes to rent across the towns and villages we serve.
London has seen the biggest increase in proportion of renters looking outside the city compared with a year ago at 38% up from 31%. Rents have risen at a record pace over the past few years and a decline in the number of available properties to move to are likely reasons that a greater proportion of renters are looking outside of the captial to secure a home.
Rightmove’s property expert Tim Bannister said: “The latest rental market trends demonstrate how cost pressures and the imbalance between supply and demand are changing the way tenants search for their next home. We’re seeing that a greater proportion of prospective buyers are looking for a home in the city they live in, but it’s the opposite trend for renters who may be finding that they’ve been priced out of the city or have decided to move further out to reduce their overall bills.”
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Arins - renting homes in Wokingham, Lower Earley, Tilehurst, Reading and Winnersh since 2009.
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Winnersh Triangle,
Building 220, Wharfedale Road,
Wokingham, Berkshire, RG41 5TP
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