The 2020 rental market: what to expect
As 2019 draws to a close, we look ahead to the next 12 months in the private rental sector. While Brexit remains a concern, albeit on the back burner, it is the general election and the full effects of a number of new lettings laws that will shape 2020. Here are Klippa Relocation’s predictions.
Rents will keep rising
A number of long-term rental forecasts can now be assessed for accuracy. In 2013, the National Housing Federation said rents would be 46% higher in 2020 but this hasn’t happened. In fact, data from Statista shows England’s average weekly rent in 2013/2014 was £176 and it stands at approximately £241 per week in 2019. Modest rises are also reflected in the latest figures from HomeLet, which reveal the average rent across the UK has risen by 2.7% in the last 12 months.
