Rightmove’s ranking shows the UK’s busiest rental markets based on data relating to enquiries per available rental property. Wrexham topped the list with 54 enquiries per available rental property, and Rightmove states that the average advertised monthly rent in this area is £967.
Focusing on the North West, Merseyside and Greater Manchester areas feature frequently in the rankings, showing this region’s marked popularity with renters and attraction for buy-to-let investors. The Wirral and Salford come in joint fifth with 47 enquiries per property. The average advertised rent in the Wirral is £999, while in Salford it is £1232.
As a key regeneration zone in Manchester, Salford’s rental market has experienced an unprecedented boom in the past few years. A BBC article last year showed that Salford was one of the top ten locations for rent increases in the UK, with rents rising by 16% on average in a year. This Manchester district is earmarked for even more redevelopment over the next decade, likely leading to more demand for this transformed area.
Liverpool and Manchester are also featured on the list in joint-thirteenth place with 41 enquiries per property. Rightmove states the average advertised rents in these cities are £1018 and £1362, respectively. The bustling rental markets in these cities have led to increased Liverpool and Manchester new-build investment.
