Houses account for two-thirds of high-demand rental properties, Rushbrook finds
The residential property management specialist analysed 15,583 properties identified as experiencing high rental demand, finding houses collectively accounted for 65.7%.
Houses account for almost two-thirds of properties experiencing high levels of rental demand across England, according to research from Rushbrook.
The residential property management specialist analysed 15,583 properties identified as experiencing high rental demand, finding houses collectively accounted for 65.7%.
Detached homes represented 27.3% of the total, followed by semi-detached properties at 22.8% and terraced homes at 15.6%.
Flats remained the single most common individual property type, accounting for 34.3% of high-demand rental properties.
The South East had the largest share of properties identified as experiencing high rental demand, accounting for 27% of the national total, or 4,191 properties.
London followed at 18%, with 2,869 properties, while the East of England accounted for 16%, or 2,562.
Property preferences varied significantly between regions.
Flats accounted for 71.9% of high-demand rental properties in London, while houses represented 64.9% in the South East and 77% in the East of England.
In the East Midlands, houses accounted for 97.4% of properties experiencing high rental demand, with detached homes alone representing 52.6%.
Roma Sharma, managing director of Rushbrook, said: “The lettings landscape has evolved considerably in modern times and whilst flats remain the most in demand property type within the rental market, we’re now seeing higher demand for alternative property types such as larger houses.
“This is down to the fact that people are renting for longer and across a much broader range of life stages, with affordability issues with respect to homeownership preventing many from making the move onto the property ladder.
“As a result, their housing requirements are increasingly diverse.
“For landlords, strong tenant demand is a great starting point because it can help keep void periods to a minimum, but buying the right property is only half the battle.
“How that property is managed will ultimately play a major role in protecting its appeal and performance over the longer term.
“That means keeping on top of maintenance and compliance, looking after tenants properly and ensuring the property is ready to go when one tenancy ends and another begins.
“Strong demand creates the opportunity, but good management is what helps landlords make the most of it.”
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