So, what were the Top 5 most popular affordable housing rental locations searched in Q1 2022? Location is one of the most important things to consider when looking for your new home.
Keep reading to find out the most desirable locations our users have searched for affordable rent in Q1 2022 from MovingSoon data research.
Top 5 most popular affordable housing rental locations in Q1 2022
London
According to Spareroom, the average rent in London in 2022 is £794 pcm – up 12% year on year from an average of £707 in 2021. With the capital having higher rent than most cities, it does not come as a surprise that the demand for affordable rent searches is increasing.
Birmingham
Birmingham boasts many opportunities within its city but at a cheaper price tag compared to London. In fact, pre-pandemic figures showed that 20,160 people left the capital for Birmingham between 2015 and 2017. It was the most popular destination for people leaving the capital to – ahead of Brighton. Birmingham is preparing for this year’s Commonwealth games in the summer. This is likely to further increase the demand for this already popular area.
Liverpool
Liverpool celebrates an incredibly diverse culture and was hailed Capital of Culture for the year of 2008. Liverpool’s cultural attractions have always been well-known, with a thriving literature, arts, theatre, poetry, and music scene.
Manchester
According to The Global Liveability Survey, Manchester consistently ranks as the most liveable city in the UK. Manchester. The cost of living is undeniably cheaper in Manchester compared to London, but still has fantastic things to offer and see such as the well renowned music scene, theatre and arts and their very own world famous football clubs!
Leeds
The vibrant city of Leeds offers very affordable rental options compared to many of the major cities within the UK. According to Numbeo, the rent in Leeds is, on average, 55.02% lower than in London. Although Leeds city is a busy lively place with lots of restaurants, bars and attractions, one its main advantage to other cities is the location! Leeds is incredibly near to some of the world’s most beautiful landscapes and countryside the UK has.
Cities take centre stage in Q1, but what was it like in 2018?
Each of the above are vastly populated areas, with a diverse range of opportunities and things each place has to offer. The requirements are sure to apply pressure to the various social landlords, housing associations and local councils with the increasing demand.
Interestingly, back in 2018, our MovingSoon data research highlighted different areas in demand for affordable housing, than the locations listed above, including:
- Bradford
- St Helen’s
- Leicester
- South Shields
If you are considering an affordable place to rent in one of the top 5 cities listed, you should act fast. Contact your local council to discuss eligibility and affordable rent applications.
If you are eligible to apply for social or affordable rent, you can try a specialist provider to narrow down your property search. Sites such as MovingSoon who only advertise affordable housing options are a good place to begin.
