Rental growth in Britain nearly doubled to 1.1% in February 2019, driven by a 2.4% year on year rise in Greater London rents, according to the latest lettings index.
Plan will address ‘power imbalance’ and insecurity of rentals, says shadow minister
The average rent in the UK’s private rented sector increased by 3.8% in the 12 months to February 2019 to £940, according to the latest lettings index to be published.
Annual rental value growth turned positive in the prime outer London property market for the first time in three years in February, according to the latest analysis report.
The gap between annual costs of buying a home in the UK compared to renting one are at the lowest in almost a decade but buyers are still better off nationwide.
Westminster is the most expensive borough in London to rent a room, followed by Camden and Kensington and Chelsea, with Nine Elms and Covent Garden the places with the highest room rates.
Agents are predicting that rents in Britain will rise or remain static in 2019 and prices likely to fall or stagnate with Brexit only having an impact on certain areas, research shows.
Brexit has had a negative impact on rents in London’s prime residential markets which are now showing early signs of bottoming out, with the annual rate of decline now at its slowest since the June 2016 referendum.
Rents in the UK increased by 2.5% in the 12 months to January 2019, taking the average to £932, with only the North East seeing a fall, the latest rental index shows.
Rental growth in the private rented sector in Britain slowed in the 12 months to January 2019, overall up by just 0.6%, according to the latest index.
Annual rental value growth turned positive in the prime central London lettings market last year due to declining levels of stock, according to the latest analysis report.
Private sector rents in Scotland increased by 0.9% nationally in the whole of 2018 to an average of £576 per month but some locations recorded double digit growth, the latest index shows.
The number of tenants in the UK’s private rented sector experiencing rent increases fell for the fourth month running in December but letting agents expect challenges ahead for the sector.
Rents in England and Wales increased by 1.8% in 2018 to an average of £865 per calendar month, the latest lettings sector tracker report shows.
The number of people living in rented accommodation in London has been growing for years. Private renters now outnumber mortgaged home owners in the capital.
People renting a home in London are getting younger and now spend nearly a third of their income on rent at a time when rents are rising, according to a new analysis.
Rents controls could be introduced in London’s private rented sector after a survey carried out for the Mayor found there is strong support for the move.
Office rents are predicted to increase year on year by an average of 3.4% across Europe in 2019, boosted by low unemployment levels and lack of prime stock, according to a new piece of research.
Yorkshire records biggest percentage decline but signs emerge rents are rising again
Tenants are being offered schemes that do away with the need for large amounts upfront
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