There are five regular reports on the rental sector, some cover the UK and some that 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:-
Savills – “As the number of households in the UK entering private renting continues apace, the appeal of residential investment in the sector looks set to widen” – (England & Wales)
Homelet – “Greater London has seen a greater annual increase in average rents than anywhere else in the UK. In contrast, our data shows tenants living in the Capital have only seen their income increase by an average of 0.8%. Therefore, when the 6.7% increase in renting a home over the past year is combined with the 2.7% increase in inflation (according to the ONS), the budgets of tenants in the Capital appear to be strained more than ever” – (England, Wales, Scotland & NI)
Acadametrics/LSL – “Tenant finances recover as rental dip gives breathing space” – (England & Wales)
Kate Faulkner comments:
“Both Homelet and LSL are showing dips in rents from December 12 to January 13, although rents appear up on the previous year. Belvoir is showing a much steadier picture, with a small rise and the latter seems to reflect what’s actually happening on the ground, ie rents haven’t changed much in the last 12 months!”
Read the complete rental summary for February, including the following:-
- Average Rents
- Landlords Buy to Let Yields/Returns
- Capital Growth for Landlords
- Demand for Rented Properties
- Supply of Rental Properties
What to do next? For more help, from Kate and her team, join Property Checklists for free.
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