According to Bricks and Mortar, in the last 12 months, rental rates have risen by 7.4% and are still set to continue rising. The rental sector has actually benefitted from the uncertainty in the British economy over the last few years. In early 2021 it was reported that more people decided to rent rather than tie themselves into a mortgage. In 2022, according to Rightmove, it was reported that Newcastle is one of the most in-demand cities in the UK for houses, with competition being more fierce than in London.