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Rental Market Commentary for October 2009
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The rental market has started to turn a corner, with quality properties showing an increase via the Belvoir Lettings Index for two months in a row. Meanwhile Findaproperty Index is showing a steadying of rental income, with the average rent acheiving £830 per month.

As with house prices, rental prices vary dramatically on a regional basis.  READ MORE

Headline Statistics from Belvoir Lettings and FindaProperty
From Belvoir's perspective many of their 140+ offices are now seeing a slowdown in stock from accidental landlords so rents are expected to stablise nationally by Autumn and in areas where demand increase versus supply, prices may even start to rise. Read the Belvoir regional update: READ MORE

FindaProperty

Rental Index Highlights

Key statisticsFeb 09Mar 09Apr 09May 09Jun 09Jul 09Aug 09Sep 09Oct 09
Average Rental Per Month 

£830

£827

£819

£819£823£825£829£829 £830
Average Rental Yield

4.63%

4.65%

4.60%

4.56%4.56%4.55%4.57%4.56% 4.53%

Regional Performance:
FindaProperty Index shows that annually the top performing areas continue to be the North East England which shows only a small fall year on year and the South East of England and the worst area the North West of England which shows rent alls of nearly 10% year on year. On a brighter note, looking at monthly figures, London seems to have turned a corner at last, showing a 1.6% increase.

For more indepth rental market views, read Belvoir Lettings' 'Regional Rental Report'Savills' Spotlight on Student Housing and the latest survey from RICS. ARLA also have latest data suggesting an increase in the number of tenants defaulting on payment while negotiating rents downwards is on the increase!

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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