Happy New Decade – and this is what rentals looked like in 2010

Happy New Decade – and this is what rentals looked like in 2010


Todays other news


Here it is – the start of a new decade, a moment for resolutions and remembrance, and the last Bank Holiday for most of the UK until the middle of April.

Everyone at Letting Agent Today, the other ‘Today’ titles and at Angels Media wishes you and your family and friends a successful and prosperous 2020. Thank you for keeping us company during the past year, and please keep in touch over the next 12 months.

Our next edition is on Thursday January 2.

With a raft of industry changes planned already, plus a new highly-motivated government in place and Brexit on the horizon, there’s little doubt that 2020 will have plenty of news stories – we’ll be here to provide you with what you need to know, as it happens.

And just to show how much things change, here are some facts about the private rental sector a decade ago compared to now. As you can see, a lot happened in that decade … what’s in store for us in the next?

– Proportion of households privately renting – 14 per cent (now it’s 18 per cent and rising);

– Berkeley Group announced it would purpose-build 555 homes to rent, the first of their kind in the UK (now there are 148,000 and rising);

– CB Richard Ellis calculated the previous five years of residential property rental yield (2006-2010) at 6.8 per cent (now it’s considered to be around 3.5 per cent);

– Government figures showed 89 per cent of landlords were private individuals responsible for 71 per cent of all private rented dwellings, with a further five per cent of landlords being company landlords responsible for 15 per cent of dwellings (today it’s considered likely that some 80 per cent of landlords are private individuals, increasingly moving to company structures for their mortgage loans to minimise tax liabilities);

– Statistical consultancy Statista says the average weekly rent in 2010/11 in England was £160, rising to £193 in 2017/18 (the latest data available);

– In 2010 landlords could still write off against tax their full mortgage interest payments, enjoy a substantial wear and tear allowance and other fiscal advantages – all denied to them now.

Share this article ...

Join the conversation: Login and have your say

Subscribe to comments
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Recommended for you
Related Articles
The immediate part president of ARLA Propertymark says the government...
Rental sector group iHowz has prepared a briefing paper urging...
A senior Propertymark figure says letting agents up and down...
The biggest rental sector headline from Labour’s manifesto may well...
Although much focus is on the Bank of England and...
A new Renters' Rights Bill is to be introduced into...
Recommended for you
Latest Features
More evidence has emerged of fake tenants trying to con...
The immediate part president of ARLA Propertymark says the government...
Rental sector group iHowz has prepared a briefing paper urging...
Sponsored Content
B-hive Block Management Partners Celebrates Major Milestone With Over 100...
We’re absolutely delighted to announce that, after 10 years, we’re...
You don’t have to simply accept things as they are...
0
Would love your thoughts, please comment.x
()
x

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here