Belvoir Rental Index for December 09

publication date: Jan 7, 2010
 | 
author/source: Guest article from Belvoir! Lettings
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Belvoir Rental Index for December 09


Monthly figures released by Belvoir, one of the UK’s largest independent specialist lettings agencies, show a slight drop in the average rent achieved in December 2009. The Belvoir rental index is produced at the beginning of each month and represents the average rent achieved across all of the group’s 140 offices from the North of Scotland through England, Wales and Northern Ireland. It is not a London weighted figure.

“The Belvoir rental index figures for December 2009 shows that the average rental figure achieved nationally was £680, representing a small fall on the November figure, which was £684,” confirms CEO, Mike Goddard.

“This small fall can probably be attributed to a seasonal dip, which may be explained by the relatively low volume of transactions in December compared to the rest of the year. The Belvoir rental index also compares figures achieved by its offices for the same month last year and in December 2008 the average rental achieved was £699, revealing an annual reduction of 2.7%.”

Belvoir's Index reflects the rest of the lettings market and is likely that this is a seasonal slowdown as rents are expected to go up by 5-10% this year.

For more information on renting, visit Kate's Top Tips for Tenants in 2010, Top Tips for Buy to Let Landlords in 2010 and Rental Market Update.

For further information or to arrange an interview with Mike Goddard, please contact Andrea McHugh, 01476 567438/07940 930 331, email: andrea.mchugh1@ntlworld.com


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