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Rental Market Update for October 2010

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Property rents continue to rise steadily across most of the UK and by Spring 2011 we are likely to see monthly rents reach their peak of April 2008, prior to accidental landlords who flooded the market and crashed rents towards the end of 2008.

The rental market is likely over the coming months to start highlighting the devastating lack of properties in the market. While people have 'stayed at home' for a few years following the recession, the next few years people will want to rent or buy. Due to a huge lack of funding for buyers and investors, there just won't be the stock available and inevitably this will drive up prices.

If you are a tenant: rent something this side of Xmas if you can!
If you are a landlord: look at putting up your rent if you can to protect your income.

Headline Statistics from Belvoir Lettings and FindaProperty
Latest October 2010 rental figures from Belvoir who have over 140+ offices across the UK show that in most areas, rents are fairly static, whereas in London and the South East, rents are going up anything between 5-10%.

READ MORE - Rental Market Quarterly Regional Statistics - Q3 2010

Belvoir Lettings' Rental Index October 2010

Key statistics

Jun 10

Jul 10

Aug 10

Sep 10

Oct 10

Average Rental Per Month 

£683

£682

£695

£700

£703


Key statistics

Oct 09

Nov 09

Dec 09

Jan 10

Feb 10

Mar 10

Apr 10

May 10

Average Rental Per Month 

£691

£684

£680

£685

£680

£680

£681

£682


FindaProperty - Rental Index Highlights

Key statistics

Q3 10

Average Rental Per Month 

£851

Average Rental Yield

4.69%

Key statistics

Oct 09

Nov 09

Dec 09

Jan 10

Feb 10

Mar 10

Apr 10

May 10**

Average Rental Per Month 

£830

£831

£820

£804

£814

£820

£826

£839

Average Rental Yield

4.53%

4.56%

4.52%

4.45%

4.5%

4.5%

4.54%

4.57%


** Note: This Index moved from a monthly to a quarterly index

Key statistics

Feb 09

Mar 09

Apr 09

May 09

Jun 09

Jul 09

Aug 09

Sep 09

Average Rental Per Month

£830

£827

£819

£819

£823

£825

£829

£829

Average Rental Yield

4.63%

4.65%

4.60%

4.56%

4.56%

4.55%

4.57%

4.56%



For more indepth rental market views, download Savills' Spotlight on Student Housing and the latest survey from the RICS and ARLA.

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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