In recent years, there has been a steady rise in tenant demand along key transport routes, according to the latest report from Rightmove. This trend is being driven by an increasing number of people seeking to live in areas with good transport links, as well as the increasing cost of car ownership.
The report found that the highest demand for rental properties was in London and the South East, where the average asking rent was £1,845 per month. This is a 6.7% increase from the same period last year. The report also found that the highest demand was along key transport routes such as the London Underground, Overground and Crossrail.
The report also found that tenants are increasingly looking for properties close to transport links, with the average distance from a station being just 0.5 miles. This is a significant increase from the same period last year, when the average distance was 0.4 miles.
The report also found that tenants are willing to pay more for properties close to transport links, with the average asking rent for properties within 0.5 miles of a station being £2,038 per month. This is a 7.3% increase from the same period last year.
The report also found that tenants are increasingly looking for properties close to transport hubs, with the average distance from a hub being just 0.3 miles. This is a significant increase from the same period last year, when the average distance was 0.2 miles.
The report also found that tenants are willing to pay more for properties close to transport hubs, with the average asking rent for properties within 0.3 miles of a hub being £2,072 per month. This is a 7.7% increase from the same period last year.
The report concluded that the increasing demand for rental properties along key transport routes is being driven by an increasing number of people seeking to live in areas with good transport links, as well as the increasing cost of car ownership. It is clear that tenants are willing to pay more for properties close to transport links and hubs, which is likely to continue to drive up rental prices in these areas in the future.