{"id":2632996,"date":"2022-03-14T15:25:01","date_gmt":"2022-03-14T15:25:01","guid":{"rendered":"https:\/\/hometruthslancs.co.uk\/?p=2632996"},"modified":"2022-03-18T11:08:09","modified_gmt":"2022-03-18T11:08:09","slug":"lettings-market-update-march-2022","status":"publish","type":"post","link":"https:\/\/brightred.dev\/hometruths\/lettings-market-update-march-2022\/","title":{"rendered":"Lettings Market Update | March 2022"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"2632996\" class=\"elementor elementor-2632996\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-cfceb36 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"cfceb36\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a23e119\" data-id=\"a23e119\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fdd4452 elementor-widget elementor-widget-heading\" data-id=\"fdd4452\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.6.3 - 12-04-2022 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">Robust demand continues<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-10ef129 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"10ef129\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-dbd3726\" data-id=\"dbd3726\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-727f477 elementor-widget elementor-widget-image\" data-id=\"727f477\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.6.3 - 12-04-2022 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img width=\"640\" height=\"537\" src=\"https:\/\/brightred.dev\/hometruths\/wp-content\/uploads\/2022\/03\/Lettings-Property-Market-Update.png\" class=\"attachment-large size-large\" alt=\"Lettings Market Update March 2022\" loading=\"lazy\" srcset=\"https:\/\/brightred.dev\/hometruths\/wp-content\/uploads\/2022\/03\/Lettings-Property-Market-Update.png 940w, https:\/\/brightred.dev\/hometruths\/wp-content\/uploads\/2022\/03\/Lettings-Property-Market-Update-300x251.png 300w, https:\/\/brightred.dev\/hometruths\/wp-content\/uploads\/2022\/03\/Lettings-Property-Market-Update-768x644.png 768w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9975811 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9975811\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b2a8b64\" data-id=\"b2a8b64\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-efb4a64 elementor-widget elementor-widget-heading\" data-id=\"efb4a64\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">The rental market remains buoyant. Demand for property to let continues, with value growth remaining firm across all regions of England and Wales.<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-06c7958 elementor-widget elementor-widget-spacer\" data-id=\"06c7958\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.6.3 - 12-04-2022 *\/\n.e-container.e-container--row .elementor-spacer-inner{width:var(--spacer-size)}.e-container.e-container--column .elementor-spacer-inner,.elementor-column .elementor-spacer-inner{height:var(--spacer-size)}<\/style>\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ddf079e elementor-widget elementor-widget-text-editor\" data-id=\"ddf079e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.6.3 - 12-04-2022 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#818a91;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#818a91;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Rental demand continues to significantly outpace the availability of property to let across the market. A net balance of over 64% of respondents to the latest RICS survey (January) indicated demand was rising, the strongest result since 1999.<\/p><p>Pressure on price remains, the average rental value of a property in England and Wales was up 11.6% year-on-year.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-285e3d2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"285e3d2\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e517b8b\" data-id=\"e517b8b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3d2603e elementor-widget elementor-widget-text-editor\" data-id=\"3d2603e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Nearly two years on from the market closure, rental values across all areas of England and Wales are back to pre-pandemic levels.<\/p><p>Although prices are rising, research indicates that 76% of landlords would maintain a rent level if they were happy with the existing tenant.<\/p><p>For tenants, a sense of community in the local area would encourage nearly two-thirds to stay in their property for longer. The availability of parking and pet-friendly properties continue to top the list of features tenants would be willing to pay a premium for. With the shift to hybrid working, excellent sound proofing and quality broadband also rank highly (<a href=\"https:\/\/www.dataloft.co.uk\/\">Dataloft, Property Academy, 2021<\/a>).<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1cbd438 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1cbd438\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-33fae42\" data-id=\"33fae42\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-12cd4c7 elementor-widget elementor-widget-heading\" data-id=\"12cd4c7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">HIGH RENTAL DEMAND FOR PROPERTIES IN CHORLEY AND SURROUNDING VILLAGES<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-eedba99 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"eedba99\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9a6f76c\" data-id=\"9a6f76c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-541ebc4 elementor-widget elementor-widget-text-editor\" data-id=\"541ebc4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Over the last few weeks, we have listed a number of rental properties in the local area. Each property has received interest from multiple applicants.<\/p><p>We have a high demand for 2-3 bed properties in the area and have a large number of tenants waiting. The increased demand has led to rental prices increasing to record levels.<\/p><p>If you have a property you are looking to rent out or would like further information on how to become a landlord, please <a href=\"https:\/\/brightred.dev\/hometruths\/contact\/\">contact us<\/a>, we have packages to suit all landlords!<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Robust demand continues The rental market remains buoyant. Demand for property to let continues, with value growth remaining firm across all regions of England and Wales. Rental demand continues to significantly outpace the availability of property to let across the market. A net balance of over 64% of respondents to the latest RICS survey (January) [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":2632997,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[8],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.5.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lettings Market Update | March 2022 - Home Truths<\/title>\n<meta name=\"description\" content=\"Find out all about the current rental market performance in our Lettings Market Update March 2022. All the info you need is here.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lettings Market Update | March 2022 - Home Truths\" \/>\n<meta property=\"og:description\" content=\"Find out all about the current rental market performance in our Lettings Market Update March 2022. 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