Rental growth for the rest of the year?
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“Rents rise £50 in the South East versus Q1 13. (Q1 14 – England, Wales & Scotland)”
“Average rents for all offices trading over the last five years in March 2014 were £685, on a par with February 2014. (Mar 14 – England, Wales & Scotland)”
“Rents rise at slowest annual pace since January 2010 – up just 0.9% in twelve months to March. (Mar 14 – England & Wales)”
“North/South divide widens as rents in the capital increase to almost three times those in the North East. (Mar 14 – England, Wales & Scotland)”
Kate Faulkner comments on Rental Report Headlines:
“Most of the rental indices back rents are pretty much the same month on month, although Homelet and LSL are showing increases year on year, and this is likely to be down to past rises in London. Belvoir, which hasn’t a huge presence in London but is strong in the rest of the UK, shows rents have hardly changed throughout the last 15 months at all.
However, rents tend to start rising from April onwards through the summer, then drop back towards the end of the year, and with wages expected to beat inflation for the first time for some years, it’s likely rents could see some real and sustained growth for the rest of the year.”
Read the full version of Kate Faulkner’s latest Rental Summary, which includes:-
- Regional Rental Price Variations
- Room Rents
- Capital Growth & Yields 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.
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