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TODAY'S OTHER NEWS

Rental market strongest for three bedroom houses claims new index

Rents are rising faster for three bedroom homes than for any other property type.

They show a rise of 4.6 per cent in the year to August compared to an average rise of 3.3 per cent for all homes. 

A new index from Landbay shows that the highest rent rises for three bed homes are mostly within commuting distance of London, such as Windsor and Maidenhead (up a remarkable 22 per cent for three bed properties), Southend on Sea (up 20 per cent) and Swindon (up 13 per cent). 

But some parts of Britain have seen falling average rents. 

Cheshire is down 6.9 per cent over the past year, Aberdeen City is down 5.7 per cent and Buckinghamshire is 3.5 per cent down. 

The figures are the first to come from the new rental index produced for Landbay, a buy to let mortgage lender. 

  • Tom  Harrington

    No surprises here, as more families are renting than ever before and require a larger living accommodation. The private rental sector has become much more varied in recent years as a consequence of rising property prices.

  • Stephanos Constantinou

    where there is a demand there is a rise!! 70% of our applicants are looking for 3 bed flat...

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