New research shows that rental demand vs supply is up across the UK’s 50 largest towns and cities.
With lockdown restrictions now removed entirely, many people are using the opportunity to re-evaluate their lifestyles and look for a new start.
Brighton has seen the biggest increase in demand vs supply (up 101% year on year), followed by Poole and Edinburgh, both increasing by 81%.
In fact, all of the top 50 UK towns & cities have seen an increase in demand vs supply year on year (YOY). It’s a similar story across London too, with demand vs supply up 71% across the city.
To help people navigate their next big move, SpareRoom has released an affordability guide for key UK towns and cities.
These range from average room rents under £400 a month in Liverpool (£395) and Huddersfield (£365) to London, where average rents in some areas reach almost £900 a month.
The full list has been made available to Kureen, and can be viewed here.
Matt Hutchinson, SpareRoom director, commented:
“The past 18 months have totally changed our attitudes to work.
“The coming months will hold some changes in terms of how and where we want to live. That could be great news for some towns and cities, that have historically suffered from a skills drain, as young people head for bigger cities.
“We may find, when we look back on this period, that Covid and remote working did more to rebalance the economy across the UK than any government initiative did. It might be one of the positive changes to come out of what’s been a tough 18 months.”