Rental Market Update September 2009

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Rental Market Commentary for September 2009
Skip to Headline Statistics or Useful Resources

The rental market continues to steady in most areas, especially as lots of stock was recently taken up by students in September and no doubt an increase in activity from people a bit fed up from living at home!  

As with house prices, rental prices vary dramatically on a regional basis. Normally London will outperform everywhere else, but a lot of 'accidential landlord' properties have, up until this month, depressed rental income. Things in London however are set to change while other areas around the UK, such as Scotland continues to outperform the rest of the UK! 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 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%

Regional Performance:
FindaProperty Index shows top performing areas include the North East England which shows small fall year on year and the worst area the West Midlands which shows rent alls of nearly 7% year on year. 

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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