Rents soar in towns as tenants priced out of cities- QHN

Towns within commuting distance of major cities have seen some of the biggest rent rises of the last three years, new research suggests.

The cost of new lets rose by more than a third in areas such as Bolton, Newport and Bradford between 2020 and 2023, property portal Zoopla said.

Although Glasgow, London, Manchester and Edinburgh also saw big rises, new working patterns have made an impact.

Although Glasgow, London, Manchester and Edinburgh also saw big rises, new working patterns have made an impact.

“They may only go into the office two or three times a week and, if they are in a flat, may have looked for a bit more room,” said Richard Donnell, Zoopla’s executive director of research.

Agents said there had been “staggering” levels of competition in areas with easy transport access to bigger cities.

The Zoopla figures, compiled for the BBC, tracked the rise in rents for people looking for somewhere new to let in 65 cities and large towns in the UK. Six of the 10 biggest increases were in areas with relatively easy access to the major cities of London, Leeds and Cardiff.

They included Wigan, Newport, Bradford, Rochdale and Luton.

Towns within commuting distance of major cities have seen some of the biggest rent rises of the last three years, new research suggests.

Although Glasgow, London, Manchester and Edinburgh also saw big rises, new working patterns have made an impact.

The cost of new lets rose by more than a third in areas such as Bolton, Newport and Bradford between 2020 and 2023, property portal Zoopla said.

“They may only go into the office two or three times a week and, if they are in a flat, may have looked for a bit more room,” said Richard Donnell, Zoopla’s executive director of research.

Although Glasgow, London, Manchester and Edinburgh also saw big rises, new working patterns have made an impact.

Although Glasgow, London, Manchester and Edinburgh also saw big rises, new working patterns have made an impact.

“They may only go into the office two or three times a week and, if they are in a flat, may have looked for a bit more room,” said Richard Donnell, Zoopla’s executive director of research.

Agents said there had been “staggering” levels of competition in areas with easy transport access to bigger cities.

The Zoopla figures, compiled for the BBC, tracked the rise in rents for people looking for somewhere new to let in 65 cities and large towns in the UK. Six of the 10 biggest increases were in areas with relatively easy access to the major cities of London, Leeds and Cardiff.

They included Wigan, Newport, Bradford, Rochdale and Luton.

#Rents #soar #towns #tenants #priced #cities

Note:- (Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor. The content is auto-generated from a syndicated feed.))