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Rental Market Quarterly Regional Statistics
January to March 2011


Rental Regional Performance across the UK


Rents are pretty much on the rise throughout the UK now with the likely forecast for 2011 looking extremely good for landlords - and not so good for tenants!

Letting agents too are starting to feel the pinch, especially if they are holding up a previously estate agent only business through lettings cashflow. The problem being that tenants are on the rise, so demand is increasing, but the amount of rental stock available isn't changing. The increase in the number of agents offering lettings has therefore caused a major problem, stock is reducing, demand is increasing and the number of agents fighting to service landlords has pretty much doubled in every area.

So, 2011 is likely to bring a tough year for tenants and agents, but the best ever for Landlords since the credit crunch!

Regional Differences
To help you know what's happening in your area, please find below summary of the latest FindaProperty Index and Belvoir Lettings Statistics.

Belvoir Lettings Regional Lettings Index
Belvoir is one of the top franchised letting agents in the UK and takes pride in ensuring they let quality properties legally and at fair prices. They have over 140 offices across the UK and kindly let us have access to their national and regional lettings index.

Please note this data shows growth in one quarter versus another.

Belvoir Region

Jan 10
to Mar 10

Apr 10
to Jun 10

Jul 10
to Sep 10

Oct 10
to Dec 10

Jan 11
to Mar 10

London

-5.51%

-3.18%

-3.41%

 +11.80%

xxxxxx%

South East

-0.77%

-1.81%

+2.37%

 +0.32%

 

South West

-0.46%

+0.14%

+0.09%

 +0.28%

 

West Midlands

-0.57%

-0.02%

+1.85%

 +1.96%

 

East Midlands

-1.75%

+0.32%

+0.82%

 +0.24%

 

East Anglia

+0.14%

+0.28%

+0.15%

 +0.02%

 

Yorkshire

+0.06%

+1.50%

+0.43%

+1.19%

 

North West

+3.36%

-3.61%

+0.52%

-0.43%

 

North East

+0.73%

+2.43%

+2.25%

 -7.31%

 

Scotland

+0.32%

+0.73%

+0.19%

-0.37% 

 

Whole of UK

-0.98%

-3.10%

+3.76%

N/C 

 

Belvoir Region

Jul 08
to Sep 08

Oct 08
to Dec 09

Jan 09
to Mar 09

Apr 09
to Jun 09

July 09
to Sep 09

Oct 09
to Dec 09

London

-2%

-2.4%

-1.75%

 -5.51%

+7.48%

+11.19%

South East

6.9%

-2.8%

-4%

 +1%

+3.25%

-2.63%

South West

-1.4%

-1.0%

-3.6%

 -1%

+0.57%

-0.58%

West Midlands

0.6%

-0.8%

+4%

 -2.55%

-2.36%

+0.15%

East Midlands

1.6%

-2.6%

-2%

 -3.32%

-0.01%

+0.15%

East Anglia

-1.9%

-1.0%

+2%

 -3.98%

-2.29%

0%

Yorkshire

2.9%

1.9%

+2.9%

 -3.57%

-1.20%

-1.31%

North West

1%

-0.5%

-2.7%

 -3.05%

+0.45%

+0.92%

North East

0%

0%

-0.75%

 -1%

-3.89%

+3.71%

Scotland

17%

-3.8%

-0.4%

 -1.36%

-1.39%

+15.51%

Whole of UK

0%

-1.4%

-1.95%

 -1.5%

 0%

+0.68%

Find a Property Quarterly Statistics

AreaAverage Rent Annual Rental
% Change
London£1,7306.4%
South East£1,0900.8%
South West£8173.5%
Wales£6141.1%
West Midlands£6392.1%
East Midlands£6142.8%
East England£7883.7%
Yorkshire/The Humber£553-0.7%
North West£621-2.5%
North East£591-3.7%
Scotland£7104%

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