The prices of rent across England again increased during May, this is the fifth consecutive monh this year! Prices are now at their highest level recorded since Septmenber 2022.
During May, voids also remained steady, the average bweing 19 days, market demand still remains strong heading into summer, traditionally the busiest time of year for the property industry. Unsuprisngly, London retains the title for lowest void periods, currently at 12 days.
No we are heading head into what are traditionally the busiest months of the lettings calendar, it remains to be seen as to whether we’ll hit the same rental cost highs recorded last summer, but the data is pointing to the ongoing rise in prices continuing and, with voids also holding firm, the market is definitely primed to heat up as we head into June.