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Friday, November 19, 2010

Seasonal fall in rents

Property Hawks sister website the Rentindex gives us unique access to AST rental data.  Interestingly, it reveals a seasonal pattern in rents where the level tends to peak in the late Autumn.  During this summer, rents have been rising strongly as demand for rental properties has outstripped supply.

We have noticed however over the last couple of weeks that rents which peaked at about £605, have dropped back to below £600 and are now 0.4% down over the last month.

The tip for landlords looking to set their rent is that they should attempt to negotiate the new rent with the tenant between September to October to maximise their likely rental returns.

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