Paul Fryers is managing director of Zephyr
The pandemic has changed a great deal about both our personal and professional lives. Perhaps most notably for the housing market, it has influenced where some people want to live: a trend highlighted in recent quarterly rental indexes from The Deposit Protection Service (The DPS), a sister company to Zephyr Homeloans.
While proximity to a workplace or public transport may once have been the most decisive factor for where some people chose to live, the pandemic seems to have caused many tenants to re-evaluate their living situations. The increased rents in places considered desirable reflect how landlords adapted to the shift in popular rental types and locations.
Tenant demand at five year high