York rental market sees huge fall in available homes

Tuesday, 25 June 2024 13:12

By Haydn Lewis

THERE'S been a big fall in the number of rental properties coming onto the market in York - despite huge demand.

According to Office of National Statistics (ONS) figures in the first six months of this year a total of 1,451 rental properties came to market, a decline of about 530 when compares to the final six months of 2023.

Meanwhile from July 1 - December 31 last year new sales instructions in the York market numbered 1,958 rising to 2,357 for the first six months of this year - a rise of 399.

As previously reported by The Press, rents in the city remain stubbornly high, seeing a 13 per cent rise in rent from April 2023.

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