Rents are still rising and are unlikely to drop anytime soon, according to one of the UK’s leading letting agents.
Average rents in England and Wales edged up by 0.4% in May to £712 a month in May – increasing for the second month in a row as the market settled after the end of the stamp duty holiday for first time buyers in March. Continue reading Buy to let rents still rising and unlikely to fall
Buy to let rents slipped back 4.3% to an average £919 a month in May, according to letting agents haart.
Average rents across the country fell, but slightly increased across the UK when excluding London – by around 0.7% to an average £791. Continue reading More surveys confirm North/South property divide
Rent costs nearly a third of buy to let tenants 50% or more of their take home pay, according to research by online property portal Rightmove.
While paying private rents averages 38% of take home pay for all tenants. Continue reading Rent Costs Buy to Let Tenants More Than Half their Pay
London rents are 78% higher than those in the rest of the country, according to the latest figures from landlord insurer Homelet.
The firm’s monthly index of private rents revealed the UK has two separate rental markets – London and the rest. Continue reading London buy to let rents 78% higher than rest of UK
The average UK rent increased by 2.6% in March to £764 a month, according to the latest survey by specialist landlord insurers Homelet.
London rents are still defying gravity and average £1,156 a month. Continue reading Buy to let rents keep rising as tenants get poorer
The great rental divide is splitting the UK as tenants in London pay double the amount for a comparable property elsewhere.
New research shows two distinct rental markets – the capital and the rest. According to property analysts Hometrack. Continue reading UK split into “London” and “the rest” rent divide
Buy to let landlords are picking up almost double the average monthly rent in London compared to property investors in the rest of the UK.
Average monthly rents in the capital are £1,212 a month, according to landlord mortgage firm BM Solutions.
That’s 69% more than the UK average of £716 and 41% higher than the second-placed South East (£858).
Wales (£474 per month) has the lowest average monthly rent, followed by the North and Yorkshire and the Humber (both £488 per month). Continue reading London rents hit almost double the rest of the UK
Sharers pay an average £360 per month for a room – which is 5% more expensive than anywhere else in Europe.
The figures were revealed from a study comparing rents in Britain, France, Italy and Spain by letting firm Easyroommate. Continue reading British Sharers Pay the Highest Rents in Europe
Buy to let rents are still rising – but not as fast as over recent months.
In October, renters paid landlords an average £720 per month to let a home in England and Wales – 0.2% up compared with September. Continue reading Booming Buy to Let Rents Keep on Rising
"Rents and arrears are up say LSL"
Soaring buy to let rents and the rising cost of living are putting pressure on tenant spending power.
Rents were up 1.2 per cent in August – but rent arrears also increased for the first time since April, according to the biggest letting agent across England and Wales, LSL Property Services.
Average buy to let rents hit £713 per month – £8 a month up on the previous peak of £705 registered in July and the highest monthly increase in a year. Continue reading Tenants Feel the Strain of Rising Rents and Inflation