Rents increase at fastest rate on record!

Rents increase at fastest rate on record!

Rental Prices Roundup- in the past 12 months average asking rents have increased by some 12.5% in the North West. Here's a quick roundup.

The property market is booming... whether your selling or letting a property prices have increased on both fronts. So will this continue as we move through 2022? Here's a roundup of the market and predictions for the upcoming year.

  • Average asking rents have increased 12.5% in the Northwest since this time last year.
  • The rapid growth in rents has been driven by high tenant demand and low numbers of rental properties available. In fact rising rents are outpacing house price increase in most areas of the UK.
  • The North West has seen one of the biggest increases, only second to Wales.
  • The average rental yield across the UK is now 5.5%, the highest since 2016.
  • Competition between tenants for available properties is nearly double (94%) compared to this time last year.
  • The number of available properties is 51% lower than this time last year.

So what will happen to rents in 2022?
Rightmove predicts that asking rents will continue to rise through 2022 by 5% as the imbalance of supply and demand continues. Here at Lesley Hooks we have a significant database of registered and vetted tenants looking for properties but struggling due to the lack of properties on the rental market.

So is now the time to think about becoming a landlord?
To download our free landlords guide including prices and packages click here.

Get in touch with one of the team today on 0151 644 6000 or email rachael@lesleyhooks.co.uk

*Data provided from Rightmove*


Get in touch with us

Thinking of Moving? Start With a Market Appraisal

If you are thinking about moving in the next 6 to 12 months, a market appraisal is often the best first step. It gives you a clearer view of value, timing and buyer demand, helping you plan with more confidence in a competitive 2026 market.

CLICK HERE >

Renew, Move or Wait? A Tenant’s April Guide

For tenants, April is a useful point to pause and plan. With rents still rising across the UK and the first phase of rental reform approaching in England, this is a good time to review your budget, renewal options and next move.

CLICK HERE >

Before the Summer Rush: Why Buyers Are Moving Now

With mortgage rates steadier and spring listings emerging, March 2026 offers buyers a balanced window before peak competition intensifies.

CLICK HERE >

Spring Has Arrived and So Have the Buyers

After a subdued end to 2025, the first quarter of 2026 has quietly rebuilt confidence in the housing market. March may be the strategic launch point sellers have been waiting for.

CLICK HERE >