The Lettings market in the North East


The rental market in the North East has seen significant growth in the past year, with the average rent for new tenants currently standing at £803 per calendar month. This represents a 1.7% increase compared to the last quarter and a notable 9.7% increase compared to the same period last year. The average yield for landlords is currently 7.9%, making the region an attractive option for property investors looking for a good return on their investment. The figures suggest that the North East rental market is strong and continues to offer potential for both landlords and tenants.

Based on: https://hub.rightmove.co.uk/rental-trends-tracker-q1-2023/?utm_medium=email&utm_campaign=cus-ea-lt-market-update-rental-trends-tracker-q1-2023_28-04-23&utm_source=adobe&branchID=160469&AMid=31943821

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