William Reeve, CEO of Goodlord, says:
“We don’t normally see a bump in rents during February. It’s typically a slower month where things cool off following the post-Christmas release of demand we see in January. The fact that we’re seeing a rise this month is indicative of the ongoing squeeze on the market and a lack of available stock - something that’s further evidenced by the shortening of voids across England.
“Right now, the market is delivering fairly consistent year-on-year stats when it comes to rent rises and we continue to hover around the 7% mark. All eyes will be on whether this starts to reduce as we come into the summer following last year’s record breaking numbers, or if new records will be set.”