A report looking at rental prices across the UK and how they have increased over the last five years shows that Newcastle is in the top 10 for increases.
Typical rents in Newcastle have increased by an average of 30.6% between 2014 and 2019, rising from £549 per month to £717 according to the research by Ideal Flatmate.
Properties in England have seen a 15.6% rise in rental prices over the past five years meaning Newcastle is nearly double the national average.
James Forrester, managing director of StripeHomes, said: “This report showcases how buoyant the Newcastle property market is and that the demand is out there for rental properties.
“This is a fantastic time to be investing in property in the region with more people entering the local workforce each year looking for high quality city living and rental properties.”
The top 10 list can be found below:
| Rankings – best locations from 2014 to 2019 – by average rental price change/growth | |||
| Location | Average rental price (per month) 2014 | Average rental price (per month) 2019 | Change / growth (2014-2019) |
| York | £749 | £1,034 | 38.1% |
| Manchester | £609 | £839 | 37.8% |
| Ipswich | £467 | £643 | 37.7% |
| South Gloucestershire | £713 | £977 | 37.0% |
| Barking and Dagenham | £895 | £1,192 | 33.2% |
| Dartford | £753 | £997 | 32.4% |
| Epping Forest | £995 | £1,306 | 31.3% |
| Newham | £1,084 | £1,422 | 31.2% |
| Cambridge | £934 | £1,225 | 31.2% |
| Newcastle upon Tyne | £549 | £717 | 30.6% |
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