Tuesday, 13 October 2020

Rental Market Reveals UK Divide Between Affluent And Deprived Areas

 Britain’s rental market has diverged since reopening after the Covid-19 lockdown, with the number of homes in affluent areas being let increasing, while activity in deprived neighbourhoods has sharply dropped. Research by Hamptons International showed that in 10% of the wealthiest neighbourhoods, the number of homes let between May and September was up by 1.3% on last year. Meanwhile, new instructions rose by 4%. In contrast, in the bottom 10% instructions fell by 17.7% over the year, and the number of homes let was down by 14.8%. Read more on the Guardian website.

https://www.theguardian.com/money/2020/oct/12/british-rental-market-picks-up-in-affluent-areas-but-drops-in-deprived-coronavirus

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