Rental property in the UK right now is hotter than Mallorca in August, with everybody now looking for rental property after the pandemic restrictions were lifted in England earlier this month.
As we adjust to post-pandemic life, most people are now prioritising their living spaces in a way they weren’t before 2020. In many ways, it’s not really surprising given that people unexpectedly were kept inside by law for the best part of 12 months.
There’s something about staring at your walls for days on end that makes you start to question whether you have enough space and whether you might fancy a change of scenery, especially if you live with somebody else.
Most estate agents find that January is usually one of their busiest months following the Christmas period – with an unfortunate increase in the breakup of relationships, as well as people wanting to get away from family and friends. Interestingly enough, this increase in occurred in May and June of last year, as well as March and April of this year as lockdowns were eased.
The breakdown of relationships whilst being forced to live in an enclosed space for a substantial period of time makes the mind wonder to a certain ITV phenomenon that has returned to our screens once again… Love Island.
For those of you who have been living under a rock for the last few years, Love Island is a British reality show in which a group of men and women are flown out to ‘the Love Island villa’ where they participate in a series of tasks with a partner that they keep swapping until they meet ‘the love of their life’.
The show has completely blown up in the last few years, with anybody who enters the villa earning a low-level celebrity status across the country. The likes of Mollie Mae, Tommy Fury, Maura Higgins, Chris Hughes, Kem Cetinay and more all found fame through their involvement in the show, and you can be sure that the contestants in the current series will follow suit.
How expensive is the Love Island villa?
With the mega popular ITV dating show back on our screens, as well as the return of the summer weather here in the UK, many people have been asking questions about the famous villa that the contestants are housed in the for the best part of a month, with many wishing they could pack up and move to somewhere just like it.
Located in Mallorca, this is the first time since 2019 that the show has been ‘home’ after filming in South Africa last year.
The location is a tightly guarded secret, but it’s known that the villa is located somewhere on the eastern stretch of the island in the village of Sant Llorenç des Cardassar. For those interested at getting a closer look, the nearest airport is Palma.
Luxurious and spacious, it’s somewhere that most of us are unlikely to experience due to the sheer cost of renting out a villa that big, and it was recently revealed that the villa could be rented in the future for £3,000 per week.
How does this compare to the UK?
£3,000 per week, or £12,000 per month, is likely beyond most of our budgets and it’s more than likely that if you were able to afford it, you’d simply buy your own place anyway.
In the UK, the average rent according to the rental index is now at £1,007 per month, up 5.9% year-on-year.
Despite the Love Island villa being out of most of our budgets, there are plenty of great places to move to throughout the UK! If you are considering making a change to your living habits, we advise that you do so sooner rather than later, as rents look set to continue to rise over the coming years.
If you’re looking for a new home and seeking advice, please don’t hesitate to get in touch with us here at Intus Lettings! If you’re able to give us a good idea of what you’re looking for, your price range and location, then you’ve a much better chance of landing the property that’s perfect for you! Contact your nearest local branch here.