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 latest Homelet index found average rent prices dropped last month, only the second time it’s dropped in successive months this year.
Across the country prices fluctuated, some regions saw big price drops while the regions where prices rose only did so slightly, accounting for the drop. East Anglia saw the biggest drop, dropping back under the £700 mark to £659. Continue reading Average Rent Down For Second Month in a Row
"Homelet's London figures"
Buy to let rents in London have surged to a new peak of £1,202 a month.
Rents are still climbing in most regions, but are soaring in the capital as London reports the only rising house prices in the country over the past 12 months.
Rising prices and difficulties in finding mortgage finance have led to more tenants looking to rent.
According to the Communities and Local Government Department figures, house prices in London were up 0.9 per cent over the 12 months ending July 2011 – everywhere else returned a price fall. Continue reading London Buy to Let Rents Surge to a Record High
“Homelet’s latest rental index show rents are up again”
Average rents across the UK continue to rise, according to Homelet’s latest rental index for August.
London went up a further 4% to £1,202, reaching a new record as the UK on the whole reached £791.
While month by month prices fluctuated up and down across the country, the annual change has been an increase except for the North East. London is now 12.23% more expensive rent-wise than this time last year and, compared to the rest of the country, rent prices in London are 53% more expensive. Continue reading Homelet Find Rents Are Still Rising
Homelet's latest rental index show rents are still up
Rents are still trickling up, according to Homelet’s latest Rental Index for July as the average rent rose to £767 up from £750. The whole of the UK saw rents rise, with the exception of Scotland and the North West of England, with the South West seeing a rise of nearly 5% from £734 to £770.
Although the average salary has risen, the month previous saw a drop while rents continued to rise.
London again saw a hike in rent prices, rising to an average of £1,154 a month. This has further pushed distance between the comparison to the rest of the UK; London now stands at 50.5% higher than the rest of the country.
HomeLet’s Managing Director John Boyle believes times are tough for London renters- “It seems tenants in Greater London are feeling the pinch more than anywhere else in the country; not only have their average salaries dropped from £37,287 to £36,659 over the past month – but rents have also grown a further 3.5% higher than June – now standing at £1,154.
“Even when compared to the figures from July 2010, a healthy 9% rise in salaries from £34,087 is overshadowed by a crippling 11.6% increase in monthly rental costs over the same period.”
Homelet also found that retired renters are becoming more common, and there was a 16% increase in 66-70 year-old renters selling-to-rent. Younger renters are down though, Homelet found a decrease of 7% on last July’s figures.
Homelet’s latest rental index show rents are still up
The latest HomeLet Rental index has shown that landlords in Greater London are charging 50% more than the rest of the country.
The month on month index has also found an increase in younger renters, the opposite to last month. No age range saw an increase in renters except those under the age of 25. Nationally, the renter average age of renters has also continued to drop. Continue reading Landlords Still enjoying Increasing Rent Prices