Early Christmas Present for Tenants?

There are a number of 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  – “Rents in Wales and the North East outperform rest of country. (Nov 13 – England, Wales & Scotland)”
Belvoir Lettings  – “Average rents for all offices trading over the last five years in November 2013 were £685, which is just a £1 less than October 2013. (Nov 13 – England, Wales & Scotland)”
Acadata/LSL – “Rents rise twice as fast as wages over past year. (Nov 13 – England & Wales)”
Homelet  – “Rents stabilise across the UK. (Nov 13 – England, Wales & Scotland)”
SpareRoom – “Average room rents have increased by 4% since 2012, with the average double room now costing £116 a week including bills. (Nov 13 – England, Wales, Scotland & NI)”

Kate Faulkner comments on Rental Report Headlines:
“The rental reports for houses and flats pretty much agree that rents aren’t moving forward much and haven’t in the last 12 months. Although LSL say rents are rising faster than wages, with very little wage growth – this isn’t difficult! And from a landlord’s perspective, it’s not enough, ideally rents need to rise in line with inflation to retain the net income from rents. As the chart shows above, rents year on year have hardly changed from September 2012.”

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

Regional Rental Price Variations & Room Rents
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.

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