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
Renters in London need to earn around £52,000 to let a buy to let home, according to figures from homeless charity Shelter.
The charity reckons 65% of non-home-owning Londoners have given up hope of buying a property in the neighbourhood where they live. Continue reading Londoners earning less than £52,000 can’t afford to rent
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
Rents are still rising – but at a much slower rate than a year ago, according to a study from one of the UK’s largest letting agents.
Average rents in England and Wales nudged up 0.01% to £712 a month in January – the first time rents have risen in January and the first monthly rise for three months, says LSL Property Services.
The firm, which runs letting agents Your Move and Reeds Rains, says rent inflation for 2011 was 4% or a £30 rise over the year. Continue reading Buy to let rents are still rising, say letting agents
Christmas is not only the time to be merry, but it’s also the time when the dreaded pundits come out with their property price predictions for the next year in a bid to garner column inches and web space for free publicity.
Piles of press releases predicting this, that and the other for next year are already flooding out. Continue reading Ignore those property price pundits who crave free publicity
Buy to let investments do not make landlords money even though tenants are paying record rents, according to a new study.
Financial experts reckon rents are languishing below pre-credit crisis levels when tax and inflation are taken in to account. Continue reading Landlords are Buy to Let Paupers Despite Record Rents
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 going up – with tenants paying an average new high of £718 a month.
The cost of renting a private home has surged by 4.3% in the past year, leaving tenants having to find around an extra £1 a day more than they were paying in September 2010.
Rents are growing faster in the South East and East Midlands than other regions. Continue reading Buy to Let Rents Hit a New Record High
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 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