Rental Market Update March 2009

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Commentary for March 2009
Unlike the buying/selling market, the number of people renting is at it's highest from many years, with  around 14% of people renting in the UK. Just over a year ago, many pundits were 'laughing' at the 4-5% of returns that Buy to Let investors were making, due to the 8% returns you could receive from a bank account. How quickly things change! In just over a year, these returns are starting look fantastic in comparison to any other asset class you could invest in!

However, not everything is rosey in renting and letting. READ MORE

Scroll down to the bottom of the page for renting and letting articles.

Headline Statistics from Belvoir Lettings and FindaProperty
Please find below rental performance by region from Belvoir Lettings, which has over 145 offices across the UK. The Belvoir index shows rents rising 8% per annum by the end of June 2008 and rents falling by 4% per annum by the end of October 2008 due to increased supply of properties to rent from frustrated sellers.

Belvoir Region

April 08 to
June 08

July 08 to 
Sept 08

Oct 08 to Dec 09Jan 09
to Mar 09

London

6%

-2%

-2.4%

-1.75%

South East

-3%

6.9%

-2.8%

-4%

South West

4%

-1.4%

-1.0%

-3.6%

West Midlands

-1%

0.6%

-0.8%

+4%

East Midlands

0%

1.6%

-2.6%

-2%

East Anglia

1%

-1.9%

-1.0%

+2%

Yorkshire

-2%

2.9%

1.9%

+2.9%

North West

2%

1%

-0.5%

-2.7%

North East

0%

0%

0%

-0.75%

Scotland

3%

17%

-3.8%

-0.4%

Whole of UK

0%

0%

-1.4%

-1.95%


FindaProperty Rental Index Highlights

Key statisticsFebruary 09March 09
Average Rental Per Month 

£830

£827

Av Rental Yield

4.63%

4.65%


Links to useful Renting and Letting Reports

ARLA    RICS    RLA    NLA   

For more market commentary on a national or local level:-
Contact Kate Faulkner on 07974 750562 or 0845 838 1763. To read more about Kate, please visit ABOUT US, see Kate on video and for media appearances, contact:

Sylvia Tidy-Harris
STH Management                    
Tel  +44 (0) 1530 263221
Mob  +44 (0) 7970 646872
Fax: +44 (0) 1530 264018

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