Category: Rental Market
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Rents Hit Record High, But Is This the Peak?
It’s official, rents across the UK have reached an all-time high, hitting a staggering £1,299 per month. While this might sound good for landlords, there’s a catch: the rate of increase is slowing down. The latest data from HomeLet shows that rent increases have slowed to a measly 0.2% in June. This means that while…
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Co-living – The Future of Property? Investors Are Betting Big
It’s not just a trend, it’s a booming industry. Co-living, the idea of purpose-built accommodation with shared spaces and social events, is attracting serious money. Co-living has evolved from the old-school HMOs (houses in multiple occupation) that you might have lived in as a student. Think shared kitchens, maybe a bathroom or two, and not…
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Rental Demand is On the Rise
Good news for landlords – the latest figures show that the demand for rental properties is starting to pick up! Rental demand is on the rise, especially in the south The number of tenants looking for homes has increased by 1.5% since the start of the year, according to research by Zero Deposit. This means…
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Low Tenant Demand Affecting Landlords in Some Areas
Don’t be fooled by the national picture – while the UK rental market might seem rosy, some areas are struggling with a shockingly low demand for tenants. Low Occupancy Rates: A Landlord’s Worst Nightmare New data from Zero Deposit reveals that, in some postcodes, landlords are facing an empty property crisis. While the national average…
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Rent Prices Hit Record Highs – Rightmove
Data from Rightmove, the leading property website, shows that average advertised rents outside of London hit a record high of £1,316 per month in May. That’s a 7% increase compared to last year, easily outpacing inflation. In London, things are slightly different. While rents are still climbing (up 4% from last year), the rate of…
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Rental Yields Rise Across England & Wales
According to the latest data from Fleet Mortgages, the total average rental yield for England and Wales has jumped 1% to 7.6% compared to this time last year. This follows an even bigger jump from the first quarter of this year, where yields reached 7.1%. The simple reason behind this surge? High demand and limited…
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Rent Rocket – English Rental Prices Soar by 6.7%
Rents in England continue to rise, with the average cost of a rental property now £1,225 per month. That’s a hefty 6.7% increase compared to this time last year, according to the latest Goodlord Rental Index. Summer Rental Surge June typically marks the beginning of the “high season” for the rental market. Why? Because students…
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Fewer Homes, More Demand in York Rental Market
Are you looking to invest in the UK’s booming housing market? You might be interested in what’s happening in York. The number of rental properties available in York has plummeted, despite a huge number of people wanting to rent. This means a good, solid rental property could be a goldmine. The latest figures from the…
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Rent Squeeze Pushing Tenants to the Brink – Are You Prepared?
Landlords, take note! A staggering 35% of your tenants are struggling to pay their rent. This concerning figure has jumped from 32% last year, signalling a growing affordability crisis in the private rental sector. New research by the TDS Charitable Foundation surveyed over 2,000 renters and uncovered some worrying trends: The Rent Surge: The Affordability…
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Could Labour’s Plans Be a Lifeline for the Rental Market?
Labour has announced a new policy aimed at boosting the rental market, and some experts are hailing it as a potential game-changer. Simon Gerrard, managing director of Martyn Gerrard Estate Agents in north London, has welcomed Labour’s pledge to build more homes specifically for the rental sector. He believes that the current lack of new…