There are five regular reports on the rental sector, some cover the UK and some cover just England and Wales. Here is a summary of the report headlines and latest data together with Kate Faulkner’s comments below to help landlords and tenants understand the implications of these reports for them:-
Homelet – “The difference between renting a home in the Capital and rest of UK is highest on record.”
Acadametrics/LSL – “February rents fall to £731 but pace of decline slows”
Belvoir Lettings – “Average rents across the UK for February 2013 were £2 more than February rents in 2012 for offices which have traded consistently over the last five years”
Spare Room – “Weekly room rents have increased 7% between February 2012 and February 2013, from an average of £107 to £114 across the UK. Amongst the big cities that experienced large increases, we’ve seen Edinburgh rents up 6% and Bradford rents up 7%, whilst Aberdeen rents soared by 11%.”
Kate Faulkner comments:
“In the main, rents are relatively static bar a few areas, such as London which have seen an increase, albeit still lower than inflation over the last few years. Overall, rents are either static or showing slight falls versus 2012.”
View the full Rental Summary for March, which includes:-
- Capital Growth for Landlords
- Demand for Rented Property
- Supply of Rented Property
What to do next? For more help, from Kate and her team, join Property Checklists for free.
Buying your first home Trading up Buy to Let Renting a Property Selling a Property For Industry Professionals If you are you a property professional or journalist who needs up to date, accurate, facts and figures, stats about residential property, subscribe to our Property Information Portal.