Demand for rental properties is strong and on the rise. A report commissioned by the National Residential Landlords Association calculated that the UK needs 227,000 new private rental homes per year to meet government targets. Rightmove has found that competition between tenants for available properties has doubled. In addition, rental income is rising, the Rightmove Rental Trends Tracker reported a 9.9% rise in the average rent in 2021 compared to 2020.