Category: Rental Market
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Rent Rises Cooling Off, Edinburgh Tenants Still Paying High Prices
Good news for landlords – rental prices are still going up, although the rental boom might be starting to lose steam. That’s according to the latest data from SpareRoom, which shows that rents rose by 4% in the year to September – the lowest increase we’ve seen so far this year. But, it’s worth noting…
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ONS Price Index of Private Rents (PIPR) – September 2024
Property prices might be slowing down, but rents are still shooting up across the UK, spelling good news for landlords and investors. Despite house prices cooling off, the latest figures from the ONS show that rental demand is still red hot. This means that if you’re thinking about becoming a landlord or expanding your property…
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Southern Rental Demand Grows Faster than North
New data reveals that landlords in the south of England are seeing soaring demand from renters. According to the latest figures from property experts Zero Deposit, more than a third of all rental properties in England found tenants in the third quarter of this year. This represents a 1.7% jump in just three months and…
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Are Rent Prices Starting to Cool?
Rents are still high, but there are hints that the market might be cooling down. The latest Goodlord Rental Index shows that across England, the average rent hit £1,417 in September. That’s a slight dip from August’s £1,438, but it’s still a hefty 5.3% leap compared to September last year. Year-on-Year Slowdown Offers Glimmer of…
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Interest Rate Cut Sparks Rental Property Rise
The recent interest rate cut by the Bank of England has brought a sigh of relief to tenants. According to a new analysis by Zero Deposit, the number of available rental properties in 15 major UK cities has increased dramatically. Edinburgh and Glasgow Lead the Charge The analysis looked at the total number of available…
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Landlords – Where are the UK’s Property Rental Hotspots (Outside London)?
St Albans Crowned Most Expensive City to Rent, While Carlisle Offers Bargains New data from property website Rightmove has revealed a significant gap in rental prices across Britain, with St Albans emerging as the priciest city outside of London. Tenants in this Hertfordshire hotspot are now paying an eye-watering average of £2,307 per month –…
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ONS Price Index of Private Rents (PIPR) – August 2024
New figures from the ONS reveal that private rents in the UK have risen strongly again, let’s dive into the details: Record-Breaking Rent Increases The average UK private rent surged by a staggering 8.4% in the year leading up to August 2024. While this is slightly down from the 8.6% increase in July, it’s still…
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North-South Rent Gap Shrinks: Is This Good News for Landlords?
The gap between what tenants are paying in the north and south of England has closed to its lowest level in over a decade, meaning the North is catching up fast. Hamptons, a property company, says the average rent in the North of England is now £960 per month, up 9.6% from last year. While…
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21 Tenants are Competing for Every Rental Home!
21 tenants are now competing for every rental property in the UK, a record high that’s forcing rents to skyrocket! This news comes straight from Zoopla’s latest Rental Market Report, and it paints a bleak picture for anyone looking to rent. Here’s what you need to know: The Rental Crisis is Real What’s Driving This…
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Rents Set to Rise as Tenant Demand Outstrips Supply
New figures from the Royal Institution of Chartered Surveyors (RICS) show tenant demand is booming, while the number of properties available to rent is falling. The Perfect Storm for Higher Rents The RICS Residential Survey paints a clear picture: tenant demand is up, with a net 11% of surveyors reporting an increase. On the other…