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8.7% annual rental growth in commuter belt towns

By Surrenden Invest | April 28, 2022
London is one of the world’s most-loved cities; however, the high cost of living in the capital has seen the number of people calling the city home decrease by 550,000 over the last decade. With international business opportunities and a wide selection of jobs attracting workers, more affordable property in commuter belt locations has emerged as a natural choice for tenants looking for a better value for money.
As a result, the cost of renting in commuter belt hotspots has increased significantly, according to a recent report released by Savills. In the year to March 2022, rental values have increased across commutable areas, with the average cost of rent up by +8.4% in cities, +8.7% in towns, +6.5% in rural locations, and +5.5% in villages.
For Buy-to-Let investors looking to pinpoint a commuter belt location for investment, proximity to transport links remains a top priority for renters as more people return to the office and pre-pandemic norms. Discover the post-pandemic London commuter belt hotspots.

+10.3%

The cost of renting in London increased by +10.3% in 2021 as more people returned to city living.

550,000

Number of people calling the city home decrease by 550,000 over the last decade.

+8.7%

Average cost of rent up by +8.4% in cities, +8.7% in towns, +6.5% in rural locations, and +5.5% in villages.

+£%

Many city workers have permanently swapped city living for commuting and plan to stay put in the city’s outskirts.

Tenants stay put as rents in London rise

We recently reported that the cost of renting in London increased by +10.3% in 2021 as more people returned to city living following the removal of most pandemic restrictions.
The rising cost of renting in the capital has forced many people who moved to commuter belt locations during the pandemic to reconsider their work-life balance. As more people work from the office part-time, less frequent trips have lowered travel costs for many tenants, making living outside of London more appealing than returning.
With rents climbing across London, many city workers have permanently swapped city living for commuting and plan to stay put in the city’s outskirts for the foreseeable future. There is a clear demand for new-build property within commuting distance of London for property investors and developers alike.

High-performing Buy-to-Let investment

Warwick House in Redhill is a prime example of a high-performing Buy-to-Let investment in London’s commuter belt that offers investors a fully managed apartment with excellent growth potential. Since launch, our investors have been quick to act on this rare opportunity to own a rental property in a popular commuter belt town.

With limited apartments available, contact Surrenden Invest to register your details and receive a copy of the brochure.

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