Category: Rental Market
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Rent Price Growth Hits 7% in August
Rents are still soaring, but could this be the peak? It’s good news for landlords: rental prices have jumped by 7% in the last year, according to new data from Goodlord. That means the average rent across England is now a hefty £1,438 per month. But don’t get too excited just yet. While the annual…
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Rental Growth Slows, But Don’t Expect a Price Crash
Zoopla has revealed that rental growth has slowed to its lowest level in over two years. But, while rents aren’t rising as fast as they were, they’re still on the up. The average UK rent is now a hefty £1,232 per month, a £66 increase compared to last year. But the rate of growth is…
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Big Landlords are the Future of the Private Rental Sector
The private rental market is changing fast, and if you’re a landlord or investor, you need to know what’s going on. Big Players, Big Profits Experts like Andy Jones, the BTR chief at LRG, are saying that the future of the rental market belongs to big landlords and build-to-rent. This is all because of a…
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Renters Are Snapping Up Homes FAST in These Areas!
The rental market is booming, and some areas are seeing tenants snatch up properties quicker than you can say “deposit”. Renters are on the move, and here’s where they’re headed: Fastest Rental Markets: Slowest Rental Markets: Expert Advice: OnTheMarket president, Jason Tebb, says: “The rental market is super competitive, and some tenants are having to…
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ONS Price Index of Private Rents (PIPR) – July 2024
Rents are still going up across the UK. But with tenant demand slowing and fewer properties coming onto the market, is this about to change? Read on for the facts and figures every landlord needs to know. UK Rent Prices Still Climbing in 2024 The latest figures from the ONS show that renting out your…
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North Outpaces London as Rent Rise Continues
Rents continue to climb across the UK, with the North seeing a surge in demand that’s leaving London in the dust. While the average rent across the whole country rose by a respectable 5.7% in July, hitting £1,354, the North is truly booming. The North East, North West, and Yorkshire and Humber regions saw an…
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UK Renters Are Struggling to Cope
New research shows that tenants across the UK are struggling to afford their rent, with many spending a huge chunk of their income just to keep a roof over their heads. This isn’t just a London problem – it’s a nationwide crisis that’s leaving many renters with little left for essentials like food and bills.…
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More Tenants Than Homes Will Drive Future Rental Demand
The number of tenants fighting for each rental property is predicted to cool slightly by 2030. But the rental market will still be fiercely competitive. While the number of homes to rent is expected to increase, the number of tenants is set to climb too, meaning the rental market will favour landlords for the foreseeable…
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Rental Market Still Hot, Properties Flying Off the Shelves
The rental market is still sizzling! Even though rent increases are slowing down, demand is still sky-high, meaning properties are being snapped up quicker than ever. According to Nicky Stevenson, managing director of Fine & Country, the average time it takes to find a renter is now just 12 days! That means over half of…
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Tenant Demand Stays High, Rents Keep Rising
The latest figures from Propertymark show that tenants are still hungry for homes, even as summer heats up. This means you can expect strong rental income and healthy competition for your properties. Tenants Still Eager, Buyers Taking a Break While buyer activity is cooling off as folks head for holidays, tenants are still very much…