Over the past 2 years, we have been tracking Zoopla's data on rental values and stock availability. We have compiled the data to show how the rental market in Swansea has fluctuated over the past 12 months, compared with 2017.  

 

Nationally, Rightmove have reported that rent increases slowed in 2018, and the Deposit Protection Service (DPS) rental review concurs. 

 

There is some good news for Swansea, though; according to Rightmove, Swansea has the highest growth in rents from 2017 (tied with Newbury). The annual growth in rents for Wales as a whole was 1.42%; Swansea saw an increase of 8%. 

We use Zoopla for stats as we find they tend to have more stock, and are thus in a better position to offer us a more accurate snapshot of the rental market in Swansea. 

 

What the stats from the portals don't tell us is how student lets affect the market. In the last few weeks, we have seen an increasing number of student lets being marketed at the by-room cost rather than the total rental value (which may account for 5 bedroom properties only being worth &300-odd a month according to the stats).

 

Because Swansea has two universities, both with multiple campuses located in different areas, student lets are spread out, too, rather than being confined to one specific area. 

 

As McCartan specialise in sourcing professional tenants, we aren't so interested in the student market. 

 

 

 

 

 

Sources: Zoopla / Rightmove / Property Industry Eye