Countrywide Lettings Index August 2016
August 23, 2016
Countrywide Lettings Index August 2016 released Monday August 15th 2016 headlines ‘London rental growth slows’.
Rents in London 0.5% lower than in July 2015.
Stock surge sees the number of homes available to rent in Great Britain rise 23%.
Demand from tenants increases too, with 10% more searching for a home to rent.
Rents across Great Britain rise by 1.5% with the fastest growth in Northern England.
Read the Countrywide Lettings Index August press release in full. Click here
You May Also Enjoy
Closing the gap on client relationships and recommendations
New research from iamproperty has highlighted the growing disconnect between what buyers and sellers want from their agent and what they experience, which could be killing recommendations from happy clients. iamproperty’s quarterly consumer survey revealed that only a third of respondents (32%)¹ would recommend their agent following their experience. With many agents relying on recommendations…
Read More 
Northern Ireland to expect over 25,000 new home movers
Belfast-based estate agency John Minnis has revealed that Northern Ireland is to welcome an estimated 25,000- 30,000 new arrivals from the UK and Europe over the next five years, as migration to the region reaches its highest levels in more than a decade. Recent figures show that 11,700 people relocated from other parts of the…
Read More 
Red tape and rising costs stifling new-build availability across the capital
The latest analysis from London estate agent, Benham and Reeves, has revealed how protracted building timelines are preventing the capital’s housebuilders from delivering the level of new-build housing stock required to meet demand, with new homes currently accounting for just 7.5% of all properties listed for sale across London. Benham and Reeves analysed the latest…
Read More 
UK’s new wave of ‘second cities’ offers strongest yield growth for property investors
The latest research from West One Loans has found that whilst investors may continue to favour the nation’s key cities such as London, Birmingham, and Manchester, a new wave of ‘second cities’ is delivering the strongest growth in rental yields. These emerging markets are offering investors the chance to achieve attractive returns, driven by rising…
Read More 
Decline in change of use further constricting housing supply
Jonathan Samuels, CEO of Octane Capital, believes that a decline in conversion projects could ultimately prevent the Government from hitting its ambitious housing delivery targets, as the firm’s latest analysis has revealed that the number of homes created through change of use has fallen sharply in the last five years. Octane Capital analysed official Government…
Read More 
Annual price fall driven by south, which could be harder hit by rumoured property taxes
The average price of property coming to the market for sale rises by 0.4% (+£1,517) this month to £370,257. However, average new seller asking prices are now 0.1% below this time last year following several months of muted price growth The dip in annual prices is driven by London and the south, as the south…
Read More