Category: Rental Market
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Rental Rush – Tenant Demand Soars Again
According to the latest findings from Paragon Bank, the end of 2023 saw a significant spike in tenant interest. Six out of ten landlords have reported an increase in tenant interest in the last quarter alone, signaling a competitive market as we step into the new year. Digging deeper, over a third of property owners…
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Rent Rises Continue – London and North West Lead
Renters in Greater London are facing a new challenge as the cost of renting has climbed by 1.8% just in January. This increase has pushed the average rent in the capital to a whopping £1,968. It’s not just Londoners who are feeling the heat. Renters in the North West have seen a 1.5% increase in…
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Latest Rise in Rental Rates – Propertymark’s December Snapshot
As the festive season rolled in last December, wallets across the UK felt an extra pinch. According to Propertymark’s latest Housing Insight Report, a significant 35% of their members (property agents) reported a hike in rental prices. This rise in costs has left many tenants grappling with higher bills during what is already a financially…
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Record High Rents Outside London, Growth Slowing as Tenants Reach Affordability Limit
Tenants outside of London are now facing a new challenge: record-high rental prices. According to the latest data from Rightmove, the average asking rent for new properties coming onto the market has soared to a staggering £1,280 a month for those living outside the capital. This figure marks a new peak in the rental market,…
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ONS Rental Prices – December 2023
The latest ONS data on UK private housing rental prices reveals significant hikes across the country. In the last 12 months leading up to December 2023, private rental prices in the UK have seen an increase of 6.2%. This figure mirrors the annual percentage change observed in November 2023. It’s important to note that this…
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UK Tenants See a Dip Rent in Prices
Recent data reveals that rental prices in the UK experienced a decline of 0.9% overall, with a striking 2.2% drop in Greater London. This decrease translates to a saving of about £50 per calendar month (pcm) for tenants. The data, provided by HomeLet, indicates a consistent fall in rental prices across various regions, with the…
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Somerset is Top Spot for Landlords Finding Tenants
In the picturesque landscapes of Somerset, landlords are finding it remarkably easy to secure tenants, as revealed by recent research from Zero Deposit. Zero Deposit’s research assessed rental demand in each county by looking at the proportion of available rental properties that have already secured tenants. This method provides a comprehensive understanding of how quickly…
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2023 A Year of Rising Rents
Throughout 2023, rents have soared nearly 9% higher than the previous year, as outlined in the latest Rental Index from Goodlord. This dramatic increase has left renters paying an average of £1,182 per property, up from £1,086 in 2022. The London Leap London, as always, leads the way in high rental prices. In September 2023,…
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UK Rent Skyrockets – Latest Figures from ONS
The UK’s rental market is experiencing a significant surge, with private rental prices skyrocketing across the nation, according to the latest data released by the Office for National Statistics (ONS). Rental Prices on the Rise Private rental prices paid by tenants in the UK have seen a substantial increase of 6.2% in the 12 months…
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Wrexham Leads as UK’s Most Competitive Rental Market
Wrexham, newly minted as a city, has outpaced all other regions in the UK to become the busiest rental market this year. Landlords here are witnessing a staggering average of 56 enquiries per property, marking a change in the rental landscape. This surge in interest is eight times the average rate of enquiries per available…