According to the most recent Rental Index by Goodlord, the average rental rates for 2023 saw an almost 9% increase compared to the previous year.
Although there was a slight decrease in month-on-month rents from November 2023 to December 2023, the year-on-year data indicates a significant overall rise in rents throughout 2023, marked by record-breaking figures during the summer.
In addition to these increases, the void periods, representing the duration a rented property remains unoccupied between tenancies, reached historically low levels in 2023.
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