The price to rent a Manchester city centre apartment is rising faster than anywhere outside London... but why?
The price to rent an apartment in Manchester city centre grew faster than anywhere else outside London in the second half of 2022, according to new figures.
Energy efficiency has emerged as a major driver of rentals in city centres as people look at ways to minimise their bills amid the increased cost of living. Since the start of 2021 20% of EPC certifications completed in Manchester were A or B rated, up from 12% a decade earlier. The end of Help to Buy, alongside rising mortgage rates, mean a proportion of prospective buyers have delayed their decision to purchase and remained in rented accommodation for longer. This has added further pressure on an already squeezed rental market, resulting in rents rising an average of 15.8% across the Big Six cities analysed.
France Dernières Nouvelles, France Actualités
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