Suburbs become rental hotspots as working from home becomes new normal

in hive-116221 •  4 years ago 

STEEM POSTS

The Home Counties and Cambridge have become new rental hubs, as people increasingly look to migrate from London.

The rise of working from home amid the coronavirus pandemic has spurred renters to look beyond the traditional commuter areas, according to new data from Rightmove (RTMVY).

Cambridge saw the biggest annual rise, with searches surging 76%, while Chessington in Kingston upon Thames is London's new prime renting real estate. Searches for rental properties in Chessington nearly doubled, rising by 99%.

Tenants in Chessington are paying average monthly rents of £1,258 ($1,625), which is still a 4.3% year-on-year increase, but is £742 cheaper than average rents across London as a whole.


Shared On DLIKE

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Copying/Pasting full or partial texts with adding very little original content is frowned upon by the community. Repeated copy/paste posts could be considered spam. Spam is discouraged by the community and may result in the account being Blacklisted.