Tag: Goodlord
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Rent Shock – Prices Soar 28% Since 2020
The latest figures from Goodlord’s Rental Index show a stark picture of the market in March 2024, revealing that renters are now forking out an average of 28% more than they did just four years ago. This significant hike in living costs is squeezing pockets and reshaping the housing affordability crisis for millions. As of…
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Rent Rises Defy Seasonal Expectations, Alongside Fewer Voids
February saw a significant rise in rental costs across England, alongside a marked decrease in the time properties spend empty, flying in the face of the customary post-Christmas slowdown. According to the latest Rental Index from Goodlord, the average rent across England saw a 1% increase from January, bringing the monthly cost to £1,162 per…
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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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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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High Earners Now Need Guarantors Too – The Changing Rental Market
In a surprising shift in the UK’s rental market, even those with substantial incomes are increasingly being asked to provide guarantors when renting properties. Recent data from the rental platform Goodlord highlights a significant change in landlords’ expectations. Surging Guarantor Requests Among Different Income Brackets The Changing Face of Tenancy Guarantor Requirements Oli Sherlock, Goodlord’s…
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Property Experts Comment on Autumn Statement
Chancellor Jeremy Hunt presented over 100 measures in his full Autumn Statement, but only a few specifically targeted the housing sector. PropertyIndustryEye canvassed the opinions of several property experts. Enhancements to Local Housing Allowance The Local Housing Allowance rate, which assists private renters on low incomes in paying their rent, is set to increase to…
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Cooling Rental Market in October
October brought with it a noticeable dip in rental prices, according to the latest Goodlord Rental Index. Specifically, rents dropped by 11%, settling at an average of £1,190. This decline comes on the heels of three consecutive months where prices were climbing at a swift pace all across England. While this decrease might seem alarming,…
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State of The Rental Market, September 2023
Despite a month of relative stability, the dynamics of the property rental markets has seen some remarkable shifts, particularly in London and the South East of England where rental costs reached all-time highs in September 2023. At the same time, despite the overall steadiness, a drop in average salaries of tenants has been observed. Stabilised…
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Should I Invest in Buy To Let?
The dynamics of the UK housing market have changed dramatically over recent months. With rental demand soaring, fewer properties available on the market, and some landlords deciding to exit the scene, there is a clear window of opportunity opening. Is this the ideal moment for potential new entrants to the buy-to-let market? What Mortgage looked…
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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…