North East Rental Market: Quick Notes
According to Zoopla, the first quarter of the year for the rental market has showed an improvement for the North East.
- The North East rental market is doing very well as rental growth had hit a 10 year high in March.
- Meanwhile the North East is also one of the most affordable areas to rent.
- Increased availability of Mortgages may result in more people leaving the rental sector, however the economic uncertainty will likely limit this.
- The average time to rent out a property in our region is 16 days.
If you have a property you may want to let out, or are in need of any advice please get in touch.
You can also check out what services we offer here on our Landlords page.
By Michael Cook Real Estate on May 13th, 2021