Rents rise in second quarter
The DPS report a marked increase in rents in the second quarter, with a 1.8% rise from Q1 2019. This is the largest quarterly increase reported since rents began to decline in Q4 2017.
Strongest growth in rents was seen in Scotland (5.4%), largely driven by a steep increase in the average rent paid for flats. London also saw above average growth at 2.2%.
The West Midlands and Northern Ireland were the only regions to experience a decrease in average rent, falling by -1.3% and -1.2% respectively.
At the national level average rents rose across all property types but terraced houses experienced the greatest increase, rising by 4.6%.
The next renting season is on the horizon
8th October 2020
With nearly 1.9 million students attending university full time in the UK, a potential 551,000 students will move into a…
Employee of the month – September 2020
8th October 2020
Jenny is employee of the month! She has had a huge amount of work to deal with recently, on top…
Stamp duty holiday deadline
8th October 2020
With just under 26 weeks of the stamp duty holiday left, even with homes selling 31% faster than before lockdown,…
