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Speedy rents and sustainable renters

Latest data reports rapid rents and sustainable renters

According to The Property Academy Renter Survey 2021, almost half (49%) of renters would choose their rental property quicker if it had green credentials or a well-being certification.

Not only would renters choose their property quicker, but around 61% of renters said they would rent for longer if the property had green credentials or a well-being certification.

Double the proportion of 18 to 34-year-old renters would pay a premium for green credentials of a home compared to those 35 years and over, 12% vs 6%.

Landlords should be mindful of increased awareness of the need for action on climate change among the younger generations; Generations Z, Alpha and beyond. Green credentials of their portfolios may help to minimise voids going forward. Source: Dataloft, The Property Academy Renter Survey 2021.

Rental properties are finding a tenant quicker than ever before, with it on average taking 21 days to find a new renter.

The RICS residential survey reports accelerating tenant demand, as a net balance of +66% of survey participants reported a pick-up in August, increasing from an already strong reading of +58%.

Dataloft Rental Market Analytics show average monthly rent in the UK to be 11% above pre-pandemic levels, year to September 2021 vs year to September 2019.

For the coming twelve months, national rental growth projections have moved above 3% for the first time since 2016. Source: Dataloft, Rightmove, Royal Institute of Chartered Surveyors.