September saw rents rise across all regions of England and Wales for the first time on record, LSL Property Services reports. Average rent increased 0.7% during the month, hitting a new high of £718 pcm, with rents now at record highs in London, the South East, Yorkshire and the Humber, the East of England, Wales [...]
average rent
High demand and low interest rates bolster landlord confidence
Today’s high rents have bolstered landlord confidence, with 49% of buy-to-let investors thinking now is a good time to invest (up from 47% a year ago), and 68% of landlords expecting tenant demand to grow in the next 12 months. According to new research from lettings agent network, LSL, average rent has regained its all-time [...]
Average rent returns to 2010 peak
Rents in England and Wales have regained their November 2010 high, according to the April Buy-to-let Index from LSL Property Services. The month saw a 0.8% average rise compared with March, to £692 per month, with average yield hitting 5.1%. LSL estate agency managing director, David Newnes, says the typical landlord is charging nearly £30 [...]
Flat housing market to produce “limbo-landlords”
The shortage of private rental stock that has buoyed rents in recent months could ease if Rightmove’s outlook for 2011 proves accurate.
Yesterday the property portal reported that sellers coming to market increased prices 3.1% in February, compared with a month earlier.
However, mortgage lenders are shunning the average buyer and focusing on “bargain-hunting bottom-feeders” and the [...]
Rents slip as buy-to-let attracts investors
Rents in England and Wales fell slightly in January, as the buy-to-let market saw a growing number of investors.
According to the latest Buy-to-Let Index from LSL Property Services, average rent dropped by 0.3% (£682) compared with December but remained 4% higher than a year ago, with signs of renewed growth in several areas.
The January movement [...]
Rents rise for 10th consecutive month
The average rent in the UK rose to £692 per month in November, having increased for the tenth month in a row.
However, the latest Buy-to-Let Index from LSL Property Services shows growth slowing to 0.1% in the run-up to Christmas, and rent rises seem to have ended in several parts of the country.
The east [...]
