Rents in England and Wales rose for the first time in three months in April, according to the latest buy-to-let index from LSL Property Services. The lettings agent chain recorded a 0.5% average increase, to £709 per month, although the annual rate of gain steadied to 2.4%, compared to 2.7% in March. Rents rose in [...]
rents
Rents soon to level out
Rental prices in the private rental sector (PRS) could be levelling out, according to letting agents. Research from the Association of Residential Letting Agents (ARLA) shows that in the first three months of the year, 50% of members were confident of increased achievable rent levels, in line with news of rising rents across the UK. [...]
Rents soon to level out
Rental prices in the private rental sector (PRS) could be levelling out, according to letting agents. Research from the Association of Residential Letting Agents (ARLA) shows that in the first three months of the year, 50% of members were confident of increased achievable rent levels, in line with news of rising rents across the UK. [...]
Rents fall for second month
Rents in England and Wales dipped by 0.3% in March, falling for the second consecutive month to an average £705 pcm, according to the latest buy-to-let index from LSL Property Services. The South West and East Midlands saw the biggest decreases, with rents falling by 1.5% and 1.4% respectively compared with February. Average rent also [...]
Rents dip as tenants look to buy
Rents in England and Wales dipped in February as tenants considered moving into the sales market to beat the end of the stamp duty holiday. According to the latest buy-to-let index from LSL Property Services, average rent fell by 0.6% to £707 per month, with the biggest decreases in the East Midlands (-2.2%) and West [...]
Rents dip as tenants look to buy
Rents in England and Wales dipped in February as tenants considered moving into the sales market to beat the end of the stamp duty holiday. According to the latest buy-to-let index from LSL Property Services, average rent fell by 0.6% to £707 per month, with the biggest decreases in the East Midlands (-2.2%) and West [...]
January rent rise a first
Rents rose by 0.1% in January, to an average £712, according to LSL Property Services. Last month’s increase marked the first rise for the month since the firm’s records began and took annual rental inflation to 4.3% (December 4%). On a monthly basis, rents rose the fastest in the West Midlands and South West, where [...]
Yields and rents rise on firm demand
The latest Residential Lettings Survey from the Royal Institution of Chartered Surveyors (RICS) shows yields on rental properties rising in the three months to the end of October. Strong tenant demand has now delivered better yields for landlords over seven consecutive quarters and rents continue to rise, although the pace of growth is slower than [...]
Savills predicts 20% rise in private rents
Savills is predicting that rents will rise significantly more than house prices over the next five years, on the back of rising demand from those locked out of, or lacking confidence in, the UK housing market. According to the real estate adviser, private renting will account for one in five households by 2016, although supply [...]
Savills predicts 20% rise in private rents
Savills is predicting that rents will rise significantly more than house prices over the next five years, on the back of rising demand from those locked out of, or lacking confidence in, the UK housing market. According to the real estate adviser, private renting will account for one in five households by 2016, although supply [...]
Rents continue upward trend
A worrying level of undersupply continues in the UK private rental sector, with new tenant demand having pushed up rents yet again. According to the latest Residential Lettings Survey from the Royal Institution of Chartered Surveyors (RICS), a balance of 34% more surveyors reported a rise in rents rather than a fall during the three [...]
Tuition fees to create university ghost towns
Some of the UK’s university towns could see student populations halve by 2020, as soaring tuition costs drive students home. The prediction comes from LV=, which warns that parts of Newcastle upon Tyne, Lincoln and Sheffield could become ghost towns as non-local students opt for cheaper study closer to home. According to LV=, only a [...]
Rents and arrears show February rise
Rents in England and Wales have risen for the first time in 2011, according to LSL Property Services, the UK’s largest lettings agent network. February saw the typical private renter paying £684 per month, with the figure up 0.2% on January and 3.9% year-on-year. For landlords, total annual returns remained steady at 3.4% and average [...]
Landlords note rise in cash-strapped tenants
More tenants were at risk of slipping into arrears in the final quarter of 2010, with 40% of landlords reporting a rise in cash-strapped renters, the Association of Residential Letting Agents (ARLA) has reported.
The proportion compares with 35.9% of landlords with tenants in financial straits during the previous three-month period, representing the first increase for [...]
