Buy-to-let rents continue to surge according to our very own
Rentindex. They seem set to break the £640 pcm for the very first time having climbed steadily during the year. Rents have gained 2.7% over the last 12 months and are up over 3% alone over the last 3 months.
Why we like the Rentindex
There are plenty of other residential rent indices which give average figures for rents and chart their changes over the last few month. However, we particular like our rent index because it gives we feel a realistic representation of rents across the whole of England & Wales. Most landlords outside London would only dream at an
average rent of £743. Obviously, the likes of LSL property services who prepare a rent index with data using their landlords who have opted to use a letting agent to at least let if not manage their property. The Rentindex uses data from landlords who rent out their property themselves. These DIY landlords sometimes reflect more realistically what is going on across the regions and for landlords of all walks of life not just high rolling landlords from Central London.
Seasonal rent changes
We are preparing ourselves for the
seasonal drop in residential rents which normally turns down from late Autumn until recovering in Spring. So don't panic it looks like that rents will continue their rise even if in
real terms rents have been falling.
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