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Chronicle Live
National
Kristy Dawson

Average monthly rent in Newcastle is almost £1,000 and the buying price is more than £200,000

Rightmove Newcastle Pandemic

The North East has always been one of the most affordable places to live in the country.

However at a time when concerns have been raised about the rising Cost of Living, it appears the price of renting and buying properties in Newcastle is on the up. Updated figures, released by Rightmove, show that the average monthly rent in the toon is now almost £1,000 per month.

According to their renters' city hotspots list, the average asking rent per calendar month was £961 in May 2022. Tenant competition has also risen by 79% compared to the same period in 2021.

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