Average advertised rents in the region have stabilised according to the latest figures from the Move with Us Rental Index.
However, the findings appear to contrast with reports from Leeds-based Morgans, who claim the rental market is at saturation point (see Lettings page inside).
The Index, which is based on a weekly snapshot of over 150,000 rental properties advertised on major portals across eleven regions in Britain, shows Yorkshire is one of the most reasonable regions in which to rent.
Figures from estate agent Dacre Son & Hartley, which manages one of the region’s largest portfolio or rented properties, reflect a similar pattern.
Head of lettings John Shaw said: “The report states that advertised rents in Yorkshire & Humber fell to a 12 month low point of £590 per month throughout the third quarter of this year, but this is a very small decline of just 1.85 per cent which equates to roughly £10. We had a very strong year and although rents may have decreased slightly in some areas we are still experiencing a staggering level of demand for rental properties across the areas we operate.”
The Move with Us Index states that rents have been stabilised in part because of the Government’s Help to Buy scheme. John says: “The Help to Buy scheme has definitely had an impact on the market as it’s enabled more first time buyers to get a foot on the property ladder who were previously renting, but there are still plenty of people renting either through choice or whilst they save for a deposit.”
Dacre Son & Hartley lettings division is marketing a wide range of properties ranging in price from £350 to £2,500 per calendar month.
Call 0113 2576633.