Rent round up for 2020
7th January 2021
ONS reported a 1.4% annual increase in private rents in November and according to agents, tenant demand was more or less unchanged.
All regions saw an increase in private rents. The South West saw the biggest annual increase, 2.3%. Scotland had the smallest annual increase, 0.6%.
Near term rental growth expectations remain slightly positive, with most parts of the UK expecting an increase. London is a clear exception.
According to Dataloft Rental Market Analytics, 28% of leases are set to expire in Q1 2021, a busy month for agents.
Goodlord reported the cost of rents held stead in December, with lower void periods. Suggesting that ‘…with December a traditional slow month for the industry, the steadiness of rental prices is a strong indicator of ongoing market resilience.
Goodlord state the average cost of rent in England is now £895 and the average income of UK tenants has decreased. ‘…With restrictions continuing and unemployment rising, the impact on take home pay is now being felt by tenants. Between June and December 2020, the average salary of a British renter dropped from £24,613 to £23,462 – a decrease of 4.6%…’ Read the full article here.
Source: Goodlord, Dataloft, ONS, RICS
Employee of the Month – April 2024
9th April 2024
Our Employee of the Month for April 2024 is one of our Maintenance Administrators – Maddie Breed! Maddie has been…
Sales Blossom in Spring
9th April 2024
In the past five years (excluding 2020 due to Covid), springtime bloomed with 27% of home sales, the highest proportion…
Spring budget 2024
7th March 2024
The Spring Budget this year felt very much like a keep calm and carry on budget for the housing market….