Buy-to-letNews

Bristol has the highest rental demand

Bristol is the most in-demand location for rental properties, lettings management platform Bunk has found.

Tenant demand in Bristol is currently at 67.6%, having increased a further 17.5% since Q2.

Tom Woollard, co-founder of Bunk, said: “We continue to see the UK rental sector acting as the backbone of the property market with demand for rental properties climbing yet again.

“With the start of the university term, it’s no surprise that some of the UK’s most prominent university towns have seen some of the largest uplifts in rental demand as thousands of students look to secure a place to live while studying.

“For buy-to-let landlords, it remains one of the most prominent factors when deciding where to invest in a property and it’s clear why.

“While you can have the best yields around, they’re not worth a penny without the tenant demand to fill a property and this demand is abundant around the likes of Bristol, Notts, Cambridge, and Bournemouth.”

Rental demand saw a quarterly increase of 6% across the UK’s major cities for the second consecutive quarter.

Nottingham ranks second for demand of rental stock at 54.3%, followed by Cambridge which has a demand score of 50%.

Aberdeen remains the least in-demand city for rental demand at 8.9%.

In the capital, London rental demand has risen by 8.2% since Q2 with Lewisham the most in demand borough at 48.4%.

 

 

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