Category: Rental Market
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“Rental Market is Broken” – Former Minister
The UK rental market has long been a topic of concern, and recently, former Communities minister Sir Bob Neill voiced his apprehensions, labeling the market as “broken.” This sentiment follows the release of a shocking poll commissioned by property investment firm Castleforge, which paints a stark picture of the struggles faced by tenants in the…
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Rent Affordability Worst for a Decade
Rents on the Rise: The harsh reality for UK renters is that affordability has reached its lowest point in the last decade. Over the past 12 months, rents have surged by an average of £110 per month, leaving tenants with dwindling financial flexibility. The Affordability Equation: Rental affordability, defined as the proportion of gross earnings…
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Scotland’s Rent Control Loophole: Impact on New Tenants and the Wider UK Rental Market
The housing market in the United Kingdom has seen significant fluctuations in recent years, and a recent development in Scotland’s rent controls has raised eyebrows and concerns among tenants and property investors alike. A loophole in Scotland’s temporary rent controls has resulted in new tenants facing some of the largest rent increases in the UK,…
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Start of Academic Year Boosts Rental Demand
The start of a new academic year in the UK brings with it a surge in demand for rental properties, and the latest data paints an intriguing picture of the rental market. In this comprehensive article, we’ll delve into the recent trends, explore the factors behind the surge, and discuss the investment opportunities that this…
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Rents Continue to Rise
As demand continues to heavily outweigh supply in the Private Rental Sector (PRS), it should come as no surprise that UK monthly rents have once again hit a new record high. According to the latest data from HomeLet, the average monthly rent in the UK stood at £1,261 per calendar month (pcm) in the past…
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Rents Will Rise 5x Faster than House Prices
Hamptons, a leading estate agent group, forecasts that rents will increase by nearly five times more than house prices by 2026. It predicts a 25% rise in rents between 2023 and 2026, outpacing the average 5.5% growth in house prices during the same period. Rising Rents and Falling House Prices The increase in rents is…
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Rental Market Demand – Where is it Highest?
Recent research from Paragon Bank has revealed the areas in the UK that are experiencing even higher levels of tenant demand than the national average. This information can help you make a more informed decision about where to invest. Outer London and the East Midlands Lead in Tenant Demand According to a survey conducted by…
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Rents Reach Another All-Time High in August
Average rents in the UK have hit a record high, according to the latest rental index from HomeLet. The buy-to-let market in the UK can be a lucrative venture for those looking to invest in property. However, staying up to date with the latest trends and data is key to making informed decisions. Recent findings…
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Rental Market Still “Running Hot” in August
The rental market in the UK remains incredibly competitive, with high demand and rising prices persisting throughout August. According to the latest rental index from Goodlord, average rents increased by 10% compared to the previous year, albeit falling slightly from the record-breaking highs seen in July. While there was a slight easing in void periods,…
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Top 5 Features Renters are Looking For
With a significant number of adults living in rented accommodation in the UK, it is important for property investors to understand what tenants are looking for in a rental property. Recent research has identified the top five most desired home features among renters in 2023. These insights can help property investors make informed decisions and…