The average rent charged in England last month only increased by 0.2%, this is lowest monthly increase seen in over 6 months.

London’s rents have increased faster than any other region in the last year, however even the monthly rate of increase slowed in this area. So it seems there is a countrywide lull in the increase with many tenants giving a sigh of relief.
On a month by month basis across the UK, rents grew the fastest in the South East and the East of England. They rose by 1.5% and 0.8% respectively when compared with September’s figures. Rents fell in just 3 regions on a month by month basis, dropping by 1.4% in the North East and the South West, and by 0.8% in Wales. The rest of the country remained in the continuing increase section.  Read more...

Rental properties during this quarter were let in record times with most averaging at half a day quicker than those in the previous quarter and are on average let in approximately 12 days of being advertised to rent.

Landlords are making the most of the current climate and many are attempting to purchase further investment properties to increase portfolio sizes.

Figures recently released from Countrywide show demand for each property had increased by over 10 per cent compared with figures from this time last year. This is also a significant rise from the second quarter of this year.
Demand for lets from investors is also increasing, with a large rise in the total number of instructions to the market.  Read more...