Britain’s rental market is hottest outside London

Recently, the rest of Britain has been catching up. A report by Zoopla, a property website, found that rates for London rentals agreed to in September were higher than a year previously. That broke a 15-month-long trend that has left them 5% below their pre-pandemic level. Meanwhile rents outside the25 not only kept growing, but started to do so at the fastest rate since the financial crisis . Even as the capital became marginally more affordable, everywhere else became less so.

Part of the divergence was caused by falling demand for housing in urban areas, as locked-down workers in search of space and gardens decamped to the countryside. Purbeck, Dorset, became Britain’s hottest district, with rents soaring by more than 16% in the year to September. But cities other than London got a boost as well. From Birmingham and Bristol to Leeds and Liverpool, taking the whole pandemic in the round, rents went up.

In the face of successive shutdowns, explains Grainne Gilmore of Zoopla, most cities seemed to breathe out. Demand for rentals in their inner zones hollowed out as those able to move easily headed to the suburbs. Now the reverse is happening, with demand in many city centres during the third quarter of this year running at more than double the level of the first quarter.

London appears to have breathed in again more shallowly. A survey published by the National Residential Landlords Association on November 26th found that demand for rentals in the capital rose significantly in the third quarter of 2021. But it rose by more in the south-west, south-east, Wales and West Midlands.

At the same time, properties listed on London’s rental market now take longer to be snapped up than in the rest of Britain. That is another reversal of the pre-2020 state of affairs. Successive governments have stressed the need to rebalance the country away from its capital but failed to do so. A pandemic seems to have shifted things in that direction.

o

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Is The Era Of Stay-At-Home Stocks Over? Here’s Why Zoom, Peloton And Others Have Slumped In 2021Some of the pandemic’s hottest stocks have undergone brutal sell-offs this year.
Source: Forbes - 🏆 394. / 53 Read more »

Is The Era Of Stay-At-Home Stocks Over? Here’s Why Zoom, Peloton And Others Have Slumped In 2021Is the era of stay-at-home stocks over? Here's why Zoom, Peloton and others have slumped in 2021: by skleb1234 skleb1234 thanks skleb1234 Just want to say a very big thank you to Mrs lisamiaBTC and her company platform for their transparency, I had doubts at first but seeing I got paid I deemed it necessary to share with the general public and to let them know that you can be truly trusted..thank you so much. skleb1234 Let's learn about the Zombie World Z game project, have the opportunity to make money from Metaverse. ZWZ is a zombie shooting game, built on the Zombie idle defense game that has more than 15 million downloads on CH-Play. ZombieworldZ ZWZ
Source: Forbes - 🏆 394. / 53 Read more »

Beyonce and Jay-Z’s Sweetest Relationship MomentsLook back at Beyoncé and Jay-Z’s hottest moments as a couple over the years — details Him getting assaulted by his sister in law has to be on top.
Source: usweekly - 🏆 390. / 55 Read more »

“Joseph Thee Stalin” and Other Secret Hotties from History, According to TwitterA viral Twitter thread has us in a frenzy over flashback snapshots of historical hotties in their prime.
Source: bust_magazine - 🏆 151. / 63 Read more »

Narrowing equity market breadth may signal a 'market top' -BofANarrowing equity market breadth, rising volatility and the prospects of rate hikes are the classic signs of a market top, BofA said in a weekly report on Thursday.
Source: Reuters - 🏆 2. / 97 Read more »

Layoffs haunt BuzzFeed's rise as the company prepares to go publicFifteen years after launching BuzzFeed, Jonah Peretti is heralded as a digital-culture visionary. He's also faulted for overseeing waves of layoffs and some former colleagues doubt his guru status. BuzzFeed For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to her Alexander_Jenis Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success BuzzFeed 发布BuzzFeed十五年后，乔纳·佩雷蒂被誉为数字文化的梦想家。他还因监督裁员浪潮而受到指责，一些前同事怀疑他的权威地位。
Source: BusinessInsider - 🏆 729. / 51 Read more »