JANUARY 12, 2016 | BY A & S Property
Brighton, Bristol, Edinburgh and Newcastle revealed as rental hotspots
Data from Homelet shows that Brighton, Bristol, Edinburgh and Newcastle showed the highest rental increases in 2015.
HomeLet’s annual review of the rental market shows that rents on new tenancies signed last year in Brighton and Bristol were, on average, 18% higher than on new tenancies agreed in 2014, while rents were up by 16% in both Edinburgh and Newcastle. London and Liverpool also fall into the top rental hotspots for 2015, both with increases of 11%.
“Beneath the headline figures, HomeLet’s data points to some significant variations in rental market performance in 2014, both from region to region and from town to town. In locations such as Brighton and Bristol, demand for rental property appears to have been particularly strong and rents on new tenancies jumped very markedly. In other areas, we saw slower growth.”