Rental growth in Great Britain picked up throughout 2019 according to Countrywide.
In an analysis of the market released under the name of Hamptons International, the agency says the average cost of a rental home increased 2.1 per cent year-on-year.
That’s nearly double the 1.1 per cent recorded in November 2018.
The average rent of a newly let home now is £989 pcm, which is £20 more a month compared with the same time last year.
Southern regions recorded the strongest rental growth this year.
Rents in the South West in 2019 rose 4.2 per cent year-on-year, followed by the South East (4.1 per cent) and the East of England (2.6 per cent).
Meanwhile the North recorded the weakest rental growth of 0.2 per cent.
“Rental growth in Great Britain accelerated throughout 2019, moving back towards its long-term average. Rental growth has been driven by a decrease in the number of homes available to rent” explains Aneisha Beveridge, head of research at Hamptons International.
The average rent of a newly let property in Great Britain...
Data from Countrywide estate agents analysed by Hamptons International reveals that...
If you want a barometer of a stable lettings market, this...
Rental growth continues to accelerate, reaching the highest level since April...
When we talk in general terms about the UK housing market,...
The plight of the nation’s first-time buyers may be the focus...
Dog-owning house buyers who want to live in areas of abundant...
%20-%20IMAGE%20Client%20Accounting%20%E2%80%93%20what%20are%20your%20options.jpg)
The benefits for letting agents to outsource their client accounting is...
Let's be honest – landlords are the lifeblood of any letting...
.png)
I think we can all agree that the National Trading Standards...
Attention estate agents: if you're looking for a bumper Christmas bonus,...
Houses in Multiple Occupation are making up an increasing percentage of...
A lettings agency has been expelled from The Property Ombudsman scheme...
The government has written to Conservative MPs promising changes to the...
There’s been at most a one per cent reduction in landlords...
Tenant groups and charities reacted angrily over the Easter weekend to...
The government has written to Conservative MPs promising changes to the...
Who are you and what does it say on...
Who are you and what does it say on...
Who are you and what does it say on...
Join the conversation
Be the first to comment (please use the comment box below)
Please login to comment