With the prospect of offices reopening and bars, restaurants and shopping on the way back to normal, demand for city centre rentals saw a big, big increase in April.
The numbers are in and they confirm what the anecdotal evidence has been saying for a while. Central London has taken a pasting, but other areas have fared somewhat better.
Yes, those guys with beards, skinny leg jeans and bicycles are pointing the way to the newest property hotspots.
Until recently, terraced houses were the go-to property for landlords chasing the highest rental yields. Recent research by Hamptons International suggests that this is changing, with almost 50% of investors now preferring to buy flats.
What is the fastest growing sector of the private rental market? Under 30s? No. 30 to 40 year-olds? Again, no. By far the most rapidly growing demographic is the over 55s.
Rents continue the pattern seen since the spring lockdown with another quarter of increases outside of London. The capital is still seeing modest falls in rental levels, while the rest of the country averages rises of over 4%.
Manchester has just approved plans for two developments described as 'co-living' apartments. They are huge. Between them, they will comprise some 1,875 units providing around 3,000 bedspaces. Co-living is a new word that we're going to see a lot more of, so is it a new opportunity or something to be avoided?
Although the overall numbers for annual rent rises is largely flat on a national basis, there are big disparities between the capital and most of the rest of the UK, with some areas seeing substantial increases.