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20
th May 2021 9:39 am
Demand for city centre locations and flats is beginning to return, fuelled by the easing of restrictions and the government’s Mortgage Guarantee Scheme, according to Rightmove.
The property website says that the jump in the number of people contacting agents about its flat listings has been higher than for any other property type, up by 39% since January.
Demand for city centre properties is up by 35% compared to a 32% jump in demand for homes in villages.
The findings are based on analysis of 1.6m property listings.
Average house price growth in city centres has been flat since the start of the year, while prices across the market as a whole have risen by 3.4% during this time, helping to improve the relative affordability of urban properties.
In Outer London, 45% of landlords reported demand having fallen, with 33% saying it had increased.
Tenant demand was strongest in Wales, with 57% of landlords renting property there having reported an increase over the same period, compared to just 2% who registered a fall in demand.
This was followed by landlords renting property in the South West, where 53% reported an increase in demand, compared to 13% who registered a fall.
Overall, across England and Wales, 31% of landlords reported tenant demand for properties had increased in the first quarter of 2021.
This has recovered from the 14% of landlords who reported tenant demand having increased in the second quarter of 2020 in the aftermath of the first lockdown.
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