The latest DPS Rent index could be revealing some extraordinary knock on effects of the Coronavirus pandemic on renters. Whilst market activity has yet to fully return to 2019 levels, the data suggests that having experienced the benefits of working remotely, renters are starting to reconsider city living, and look for more spacious properties to call home in more rural locations.
“Our latest Rent Index clearly shows that tenants are following homeowners in reconsidering city living and moving to the countryside. “The prevalence of homeworking seems to be causing many urban renters to reassess their priorities, including a new desire for increased indoor and outside space. “Greater demand for both rural and larger properties seems to have driven rent prices up whi le
urban property and flats have become cheaper for tenants.”
Matt Trevett, Managing Director, The DPS