A report by Rightmove gives some hope of an easing ahead as higher mortgage rates alongside the cost of living crisis all combine to squeeze affordability.
Agents and landlords have been inundated with enquiries while some have been able to lock in longer, more lucrative tenancy agreements of up to three years due to the high demand.Image:But it added there was evidence that the pace of rental price growth was easing due to an increase in the number of rental homes becoming available this spring.
"Properties in popular areas within an affordable asking rent range of that local area are likely to be snapped up almost immediately, and on average homes are finding a tenant much more quickly than this time in 2019."
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