"Private rents in some of the UK’s biggest city centres have fallen by up to 12% in a year but have risen sharply in parts of northern England as some tenants swapped an urban life for the suburbs, smaller towns and villages.
Property website Rightmove’s latest rental trends report said the pandemic had led to falling asking rents and a “flood” of properties coming on to the market in many areas.
Central London has been “hardest hit”, said the website, with average asking rents down by 12.4% on a year ago, followed by Edinburgh city centre, which was down 10%, and Manchester city centre, down 5.3%.
Away from city centres it was a different picture, with agents reporting busy markets and rising rents.
Rightmove named the top three highest growth areas outside London as the city of Durham, the town of Keighley in West Yorkshire, and Wigan in Greater Manchester."
Private rents fall in UK's biggest cities by up to 12% amid Covid crisis | Renting property | The Guardian
Only luxury Bham bedsits over kebab shops are safe!
Property website Rightmove’s latest rental trends report said the pandemic had led to falling asking rents and a “flood” of properties coming on to the market in many areas.
Central London has been “hardest hit”, said the website, with average asking rents down by 12.4% on a year ago, followed by Edinburgh city centre, which was down 10%, and Manchester city centre, down 5.3%.
Away from city centres it was a different picture, with agents reporting busy markets and rising rents.
Rightmove named the top three highest growth areas outside London as the city of Durham, the town of Keighley in West Yorkshire, and Wigan in Greater Manchester."
Private rents fall in UK's biggest cities by up to 12% amid Covid crisis | Renting property | The Guardian
Only luxury Bham bedsits over kebab shops are safe!
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