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- Average rent across England and Wales now £814
- Election has no noticeable effect on prices
- Average rental yield remains at 4.4%
- London rents nudge up this month, but remain 5% below May 2016
Valerie Bannister, Lettings Director, Your Move, comments:
“Strong and stable was the catchphrase of the election and this was demonstrated in real terms by the rental sector.
The majority of England and Wales saw rents increase between Theresa May’s election announcement in April and this survey being conducted in May.”
Even London, which had seen prices fall in recent months, has returned to growth. Prices in the capital grew on a monthly basis for the rst time since November 2016.
While landlords have seen yields squeezed in recent times, there are signs this could be stabilising. Returns this month were 4.4%, the same as in April.”
“Strong and stable was the catchphrase of the election and this was demonstrated in real terms by the rental sector.
The majority of England and Wales saw rents increase between Theresa May’s election announcement in April and this survey being conducted in May.”
Even London, which had seen prices fall in recent months, has returned to growth. Prices in the capital grew on a monthly basis for the rst time since November 2016.
While landlords have seen yields squeezed in recent times, there are signs this could be stabilising. Returns this month were 4.4%, the same as in April.”
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