The BBC are reporting that, according to Zoopla, rents are rising at the fastest pace since 2008 across the UK, with rents up by 7% in Wales.
Abergavenny has always been a very popular town for people relocating to more rural living, but we have witnessed a huge influx over the last 18 months. Harriet Eccles, our Head of Lettings, has stated “Where there is a high demand and not enough supply, which is the situation we are experiencing at present, rental prices are achieving in excess of rents we have ever known in the locality. Demand is far outweighing supply and rental stock levels are very low, which in turn is pushing rental prices up”.
Read the full BBC Article here.
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