9:34 AM, 22nd July 2021, About 2 years ago
At the start of the year there was a huge shift in people moving out of the capital, with demand vs supply for shared accommodation outside of London on the rise. Demand vs supply is now growing in every major UK town and city.
Comparing Q2 2021 with Q2 2020, London room rents were down by 2% year on year (YOY), but if the capital is excluded, UK rents are up 1% YOY
Across all UK regions, East Midlands, South West, Wales and Yorkshire & Humberside saw the biggest increase in room rents YOY, all up 3%, followed by the North West and Scotland (both up 1%)
Out of the UK’s 50 largest towns and cities, Brighton experienced the biggest increase in demand vs supply, up 101% YOY. This was followed by Poole and Edinburgh, both with increases of 81%. For all three places this is driven by more people looking for rooms.
The most expensive areas to rent outside the capital in Q2 2021 were Twickenham (£695), Kingston upon Thames (£650) and Epsom (£631)
Every London region also saw rents fall. The W and WC region saw the biggest drop (both -4%), followed by EC, N & SW, all down 3%