CPS Homes

We saw rents on flats grow by 22% in 2021

Estimated reading time: 5 minutes.

We saw rents on flats grow by 22% in 2021

With the lettings market booming and rents rapidly accelerating, it could be well worth finding out just how much income your property could be generating in today's market.

2021 was an unusual year where stock levels decreased dramatically, with demand outstripping supply and rental prices soaring as a result. We attribute this partly due to the various lockdowns, which saw tenants remain when they would have otherwise moved on. Viewing potential alternative properties in-person was often outlawed, which also contributed to more tenants staying put.

But when a property did come on the market, those who were ready to move were ready to snap it up, so it didn't last long! And as with any 'product' when supply is low and demand is high, there's scope for prices to go up, which is exactly what has happened with rents.

So what are you waiting for? Get in touch with me today on 02920 668585 or email cath.taylor@cpshomes.co.uk and I'll review your property for 2022 and beyond.

Cath, Senior Property Advisor

04 April 2022

The information contained within this article was correct at the date of publishing and is not guaranteed to remain correct in the present day.

Back

Posts by date

Sign up for updates

By using this form, you agree with the storage and handling of your data in accordance with GDPR for the sole purpose of communication. We respect your privacy and will not share your data with third parties. For more information, please view our Privacy Policy.

cwtch tile