Tag: Goodlord
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The Rise of Guarantors in the UK Rental Market
In the ever-evolving landscape of the UK property market, recent trends are showing a significant shift in the role of guarantors. Landlords are increasingly turning to guarantors as a means of safeguarding their rental income, and tenants are finding themselves facing this requirement more frequently. The Growing Dependence on Guarantors Landlords’ Quest for Financial Security…
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The “State of the Lettings Industry” Report
Goodlord and Vouch, two key players in the rental market, recently released their comprehensive “State of the Lettings Industry” report. This annual study, now in its sixth edition, gathers insights from: This report presents an on-ground view, especially after prolonged media debates around tenant demand and landlord decisions. Rising Tenant Demand vs. Shrinking Property Availability…
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Rental Market Still “Running Hot” in August
The rental market in the UK remains incredibly competitive, with high demand and rising prices persisting throughout August. According to the latest rental index from Goodlord, average rents increased by 10% compared to the previous year, albeit falling slightly from the record-breaking highs seen in July. While there was a slight easing in void periods,…
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Only 14% of Landlords Optimistic About Renters (Reform) Bill
The upcoming State of the Lettings Industry report, set to be released on September 12th, 2023, provides insights into the opinions of over 2,000 letting agents, landlords, and tenants in the UK. The report will cover various topics, including how agents feel about upcoming legislative changes, landlord considerations regarding reducing their portfolios, the industry’s perception…
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Record-Breaking Rent Rise
The latest Goodlord Rental Index reports that rents in England have reached a record high of £1,367 per property in July 2023, due to high demand, low supply and student lets. It also shows that voids have dropped to a record low of nine days, indicating a very tight rental market. 1. Rents at an…