Category: Rental Market
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Rent Prices Soar to Record Highs in July
Rent prices have gone through the roof! According to the latest figures from Goodlord, the average rent across England has jumped 20% in July, hitting a record high of £1,470 per month. Where are the biggest increases? The North West and South West are seeing the biggest jumps, with rents soaring over 40% in these…
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Rents Rise to Record Levels
The average advertised rent outside London is now £1,314 per month – that’s a 7% increase from last year! London rents are also at a record high, with an average of £2,661 per month, according to Rightmove. While the rate of increase has slowed down from the peak of 16% in 2022, these figures are…
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Rents Hit New Highs – But Is It Sustainable?
The UK rental market is hotter than ever, with landlords enjoying record-high rents and a seemingly insatiable demand from tenants. But could this be a bubble waiting to burst? London Leads the Charge The average asking rent in London has reached £2,661 per month, a 4% increase compared to last year. Outside the capital, rents…
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Bristol – A Landlords’ Paradise?
New research is pointing to Bristol as a potential goldmine for property investors, with impressive rental yields and strong capital growth. A recent report from City Search, a property market data specialist, reveals that Bristol’s private rental sector is booming. It has grown by 8% in size, with an average rental yield of 4.5% and…
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Rental Market About to Heat Up This Summer?
The summer is traditionally a busy time for the buy-to-let market. Families are looking for a new home before the school year starts, and it’s a less disruptive time for tenants to move. This year, things could be even busier! Experts at Foxtons, a leading London estate agent, are reporting a significant increase in demand…
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ONS Price Index of Private Rents (PIPR) – June 2024
The latest figures from the ONS’ Price Index of Private Rents (PIPR) are in, and while they show a slight slowdown in rent growth, it’s not exactly cause for panic just yet. Rent Increases Still a Reality The average private rent in the UK jumped by a hefty 8.6% in the year leading up to…
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Renters Over 55 Are Booming – Is This Good News for Landlords?
The UK’s rental market is changing rapidly, and for landlords, it’s a mixed bag. The latest figures from The Mortgage Works (TMW) show that the number of older renters is booming, particularly those aged 55-64, who have seen a massive 80% increase in the last decade! Older Renters on the Rise: Younger Renters Losing Ground:…
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Renters Paying More – Is This The New Normal?
With those pesky interest rates playing havoc with mortgages, rents are still climbing in most parts of the UK. The property website Home says that while London and the Midlands have seen slight dips, rents are still soaring in Scotland, Wales, Yorkshire, and the South West. Average UK rents are now 2.5% higher than they…
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Is the London Rent Bubble Bursting?
Good news for renters, maybe not so much for landlords – London rents have dropped for the second quarter in a row, according to figures from SpareRoom. While it might seem like a sign of things to come, there’s still a long way to go before things get truly affordable. Rents Still Up, But Slowly…
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Landlords – What Renters Really Want!
Forget fancy kitchens – it’s the basics that matter to today’s renters! New data reveals what they won’t budge on, giving you the edge in this competitive market. The latest stats from Barclays Property Insights show that while rent increases are slowing down, renters are becoming more demanding. It’s not just about the price anymore…