Average asking rents in London rose to an all-time high by the end of 2018, surpassing the previous peak from almost three years ago at the beginning of 2016, new research shows.
Tenant fees in the private rented sector in England are set to be banned in under five months time with the new law coming into effect on 01 June this year.
The average rent for a property in the UK increased by just 0.96% in 2018 but the lettings markets in Scotland and Wales are stronger, the latest index report shows.
Rents in the UK increased by 1.5% in the 12 months to December 2018 to an average of £921 per month, the latest lettings index shows.
Rent rises 3% lower than forecast partly due to fewer EU migrants and price-out Londoners moving out, says rental index
Average rents increase by 0.4% in the 12 months to November 2018 in Scotland, taking the average private sector rent to £574 per month, the latest Your Move index shows.
The number of people renting a home aged 35 to 54 has risen by 15% in the last three years as they struggle to get a mortgage, according to new research.
Rents in England and Wales increased by 1.8% in the 12 months to November 2018, taking the average paid to £864 per calendar month, the latest index shows.
Glasgow has taken action against the rise in the number of flats in residential blocks being let out on a short term basis, including Airbnb.
Home ownership in the UK could be increased significantly in the UK at no cost to the Treasury, by giving tenants and landlords a rebate when a rented property is sold by the landlord to a sitting tenant, it is claimed.
The prime property lettings market in London has been resilient in 2018 despite the uncertain political and economic background due to Brexit, according to the latest rental index report.
Rents in the UK fell by 1.25% year on year in the third quarter of 2018, taking the average monthly rent to £730, according to the latest index to be published.
Islington, Richmond upon Thames and Haringey are among the boroughs with the highest house price and rental growth in London over 2018, new research shows.
Edinburgh has been identified as having the UK’s fastest annual rental growth with the average rent rising by 4.63% in 2018 to £1,073, new research shows.
The number of tenants in the UK’s private rented sector experiencing rent increases fell to its lowest level seen since February this year, new research has found.
The median monthly rent in the private rented sector in England was £690 per month in the year to the end of September 2018, the latest official figures show.
The average rent of a newly let in Britain increased by 1.1% in the 12 months to November to stand at £968 per calendar month, the latest monthly lettings index shows.
Rental growth in key cities outside of London are significantly outperforming the UK average which has seen rents rise just 0.97% in the 12 months to November and remain flat month on month.
Rent costs in the UK’s private rented sector will rise in line with increased demand from prospective tenants and the impacts of the tenant fees ban in 2019, according to letting agents.
Rents in the UK’s private rented sector increased by 1.5% in the 12 months to November, taking the average to £918 per month, but down month on month in most regions, the latest rental index shows.
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