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Showing posts with label rental news. Show all posts
Showing posts with label rental news. Show all posts

Friday, February 02, 2018

Rental stock at a record high - ARLA

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Sunday, July 16, 2017

Aberdeen considers rent caps

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Thursday, March 16, 2017

Wednesday, December 21, 2016

Agents see rents increasing in 2017

80% of letting agents expect rental growth to increase in 2017 following the Autumn Statement's announcement on a ban of letting agency fees for tenants.

ARLA agents also report seeing a fall in rental demand in November, as the rental market slows towards Christmas. The average number of prospective tenants per ARLA branch fell to 32, down from 34 in October.
The average number of rental properties managed per ARLA branch was up, at 185, compared with 182 in October's data.

63 % of agents believe 2017 will see a fall in rental property supply as a result of additional taxes for landlords: stamp duty, capital gains tax. 

ARLA's David Cox says: 

“The number of rent hikes reported by letting agents continued to decrease in November, and it’s a shame the ban on letting agent fees will have the opposite impact on rent prices when the measure comes into force. The BTL market is becoming less attractive for investors as the ban on fees, combined with the scrapping of mortgage interest relief and the stamp duty increase on second homes push costs up for landlords. So unfortunately, regardless of the uplift we saw in supply this month, we expect to see the number of properties available to rent fall next year.”

Monday, October 03, 2016

PRS rents outpace earnings

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Thursday, September 29, 2016

London earning growth and rent inflation

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Thursday, July 28, 2016

London's rising rent versus flat earnings

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Saturday, October 03, 2015

Thursday, May 21, 2015

Tuesday, September 18, 2012

London and south east rents over-heating

According to a recent Rightmove survey about a third of renters are spending over half their income on rent fuelling warnings the rents are becoming unaffordable.

The average rent for a two bed flat in the capital is reported to have risen by 5.8% over the past year to £1272.


 Director of Rightmove, Miles Shipside commented that "These 'trapped renters' are faced with the prospect of a downward spiral where spending more income on rent also means saving less for a deposit,"
Which draws the conclusion that rental demand is set to stay high.

The Rightmove data also recorded that landlords are achieving rental yields of  an average of 6% across the UK.

Read more in the Guardian

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Saturday, July 09, 2011

Average rents 50 percent higher in London

London rents are now 50 percent higher than those of the national average according to figures from the Homelet Rental Index.

The Homelet Index puts average national rents at £750 a month compared to rents in London at £1125.

Our own rent index shows there has been as steady climb in average rents over the past few years, with average rents at £594.

Read more on average rents in this Guardian article

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Monday, June 06, 2011

Unfurnished rental property best

Unfurnished rental property is the way to go according to this Telegraph article.

Apparently tenants stay longer and landlords don't have to worry about their soft furnishings.....

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Thursday, November 25, 2010

Bidding war for rentals

Prospective tenants are finding themselves in a bidding war for rental properties in demand areas in the UK.

The increasing demand is not been met by the current supply resulting in tenants having to make "sealed bids" to secure a rental property.

Read more on the bidding wars for rental property here

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