The North West, North East and South West all recorded modest rises while the East Midlands, Greater London, the South East, and the West Midlands saw prices dip slightly.

Overall, no region saw a rise or fall greater than four per cent during May.

Uniquely, Goodlord also measures the average income for tenants as an indicator of the market.

Perhaps surprisingly, over the last six months average income for renters in England has risen by 8.2 per cent. After dipping at the end of 2020 and in the early months of 2021, incomes have built back steadily as the economy opened up once more.

Renters in London and the North East have seen a 10 per cent increase in their take home pay over the last six months, and the West Midlands a healthy 14 per cent rise.

“We’re on track for a bumper summer of lettings. Whilst many agents have been busy with sales, the lettings market has been quietly gathering steam and now looks set to make things very busy for the rest of the summer” according to Tom Mundy, chief operating officer of Goodlord.

“This time of year is always a busy period but the combination of increased consumer confidence, pent up demand, and what looks like a more normal year ahead for student housing, is on track to deliver a hugely successful season for the lettings market. 

“Agents and landlords should make sure they’re prepared for this demand and ready to capitalise on it.”