Booming demand for properties in commuter zones and well-connected cities is inflicting a mini-boom within the lettings market.
That’s the view of buy to let specialist Thirlmere Deacon which says fall out from the pandemic has left extra renters demanding extra space in bigger properties within the suburbs.
Rents outdoors London are up eight per cent up to now yr; however the capital itself has swung into reverse with common rents in internal London falling 17 per cent yearly according to Hamptons lettings brokers.
This rise in rents of newly let property outdoors London is the best since 2012; rents grew in outer London by 5 per cent and within the South East by 10 per cent.
Thirlmere Deacon director Stuart Williams says: “Investors who’ve been carefully monitoring market actions will recognise that there’s been a shift in tenant preferences and an elevated demand for properties situated in commuter cities.”