What’s Happening in the Rental Market?

There are over five regular monthly rental sector reports. Some cover the UK and some cover just England and Wales. This is a summary of the report headlines and latest data together with Kate Faulkner’s commentary on the implications for landlords and tenants:-

Report Headlines:-
Move with Us – “Help to buy scheme suppresses rent rises. (Q3 13 – England,
Wales & Scotland)”
Belvoir Lettings – “Average rents for September 2013 were £689 per month for offices which have traded consistently over the last five years. Although this is a slight increase on the previous month, rents overall remain fairly stable. (Sept 13 – England)”
Acadametrics/LSL – “Rents reach record high in September. (Sept 13 –
England & Wales)”
Homelet – “Monthly rents dip, but annual costs rise more than income. (Sept 13 – England, Wales & Scotland)”
Paragon Group – “Optimism increases among landlords. (Q3 13 – England,
Wales & Scotland)”

Kate Faulkner comments on Rental Report Headlines:
“The rental report headlines continue to mislead tenants and policy makers by claiming ‘record highs’ when their data only goes back a few years, and doesn’t take into account drops in rents during 2008/9. Rents overall across the reports are fairly stable to growing as opposed to growing astronomically. For rents to deliver to landlords and provide money for upgrades, ideally they need to rise in line with the average 3% inflation. Most rents are growing at below this level, albeit they are increasing slightly over rises in wages.”

Read the full version of Kate Faulkner’s latest Rental Summary here, which includes:-

• Regional Rental Price Variations
• Capital Growth & Yields for Landlords
• Demand for Rented Properties
• Supply of Rented Properties

What to do next? For more help, from Kate and her team, join Property Checklists for free.

• Renting by the Room
• Why join a Landlord Association
• 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 about residential property, subscribe to our Property Information Portal