Blog Post

Residential rents rising

TomS - Head Tom Simper Oct 2, 2020, 10:30 AM
176_Dataloft_inform_Insight

ONS reported a 1.5% annual increase in private rents in August. Agents are reporting an increase in tenant demand and positive short-term rent expectations, suggesting that many markets will be insulated from the end of the eviction ban and the furlough scheme.

All regions saw an increase in private rents. The South West had the biggest annual increase, 2.5%. Scotland had the smallest annual increase, 0.5% (ONS).

13.1% of leases are set to expire in Q4 2020. Greater London has the highest proportion of tenancies expiring in Q4 2020, 15.3%. Wales has the lowest, 6.6% (Dataloft Rental Market Analytics).

13.1% of leases are set to expire in Q4 2020. Greater London has the highest proportion of tenancies expiring in Q4 2020, 15.3%. Wales has the lowest, 6.6% (Dataloft Rental Market Analytics).

With increased tenant demand and subdued landlord instructions, +31% of agents expect an increase in rent over the next 3 months (RICS).

Leave a comment
Newest on top Oldest on top
Load more comments
Thank you for the comment! Your comment must be approved first
comment-avatar

"Went above and beyond helping us secure a home, truly kind people"

- Anya

"Dewi kept us up to date & was very understanding of my Mum's situation. I would highly recommend selling with this company."

- Jane

"I deeply appreciate Peter Anthony Estate, especially Abbey, who works here."

- Delar

"Abbey was very friendly and helpful"

- Sandra

"Sold a property, and Gill was amazing throughout the process!"

- Rachel

"As a tenant, this might be the best agency I've worked with so far."

- Jeddy

"Would highly recommend Peter Anthony when selling your property."

- Gwen

"Abby was prompt to respond to inquiries and very pleasant"

- Christian