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Sunday, October 11, 2020

Rental market reveals UK divide between affluent and deprived areas

Researchers say tenants in worse off areas more likely to be affected by economic fallout

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%.

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