Strongest rent growth seen outside London says Your Move

March 30, 2017

The latest Buy to Let Index March 2017 report for England and Wales from Your Move headlines ‘East and South East rents rise as demand outside London Rockets’.

The average rent in Egland and Wales for Febraury 2017 was £798.

Strong rent growth was seen outside London with Wales seeing rents rise faster than anywhere else in UK in February. London and the South West only two regions to see rents fall year-on-year.

Valerie Bannister, Lettings Director, Your Move comments: “The dramatic rent increases in London have now slowed as people look outside the capital in order to meet their housing aspirations.

“Areas in the South East and East of England have traditionally offered much better value than the capital and this has tempted many Londoners to look further afield for rental properties.

“Renters in London could be reaching the limits of affordability as prices dropped back 1% in the last year. This will be one to watch as the year progresses.

“Away from the capital, Wales saw the strongest outright performance. Rents across Wales increased by 7.7% in the last year, more than anywhere else in the UK”.

To read the latest Your Move Buy to Let Index March 2017 report in full  click here.

 

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Estate Agent Talk

Liverpool’s Real Estate Market: What You Need to Know

Liverpool’s real estate sector presents a dynamic environment for investors, homebuyers, and tenants alike. As the city continues to expand and develop, understanding the nuances of this market is crucial for anyone looking to engage with property in the area. This article provides a comprehensive look at the current trends, investment opportunities, and potential challenges…
Read More →
Estate Agent Talk

Identifying Common Structural Issues in Balconies

Living in a city like Sydney, where a breathtaking view of the cityscape and ocean can be the crowning jewel of your property, it’s no surprise that balconies are key features sought after by homeowners. However, over time, these aesthetically pleasing elements can become a structural nightmare due to a range of issues that compromise…
Read More →
Estate Agent Talk

Stay Safe With Aluminum Ladders: 5 Facts About Lightning Attraction

Whether redecorating, putting items away in storage, or cleaning windows, there are many reasons why you may need ladders. They’re likely an item you have tucked away in your garage or, if a contractor, a tool you carry to and from work. Although highly beneficial, it’s essential to use this device correctly. Why? Aluminum is…
Read More →
Letting Agent Talk

Some Instances Where Landlords Are Liable for Slip and Fall Accidents

In bustling urban environments, slip-and-fall accidents can disrupt lives, leading to injuries and legal complexities; landlords are responsible for maintaining safe premises. From icy sidewalks to poorly maintained staircases, instances where landlords may be held accountable for slip and fall accidents are diverse and nuanced. Understanding these scenarios is a matter of legal obligation and…
Read More →
Breaking News

Sales agreed up 12% on last year despite annual mortgage costs 61% higher than 2021

UK house prices broadly static but sales volumes are up 12% year on year UK house price inflation unchanged from last month at -0.2% Almost two thirds (64%) of all homes are in local markets with annual price falls, down from 82% last October with a clear north-south divide emerging. Higher mortgage rates continue to…
Read More →
Breaking News

Weekly News Roundup – 26/04/24

A roundup of the week’s top property and proptech news stories in partnership with Proptech-X   Table of Contents Renters Reform Act – but what about Section 21? Agents urged to review AML policies following recent HMRC fines Smart Spaces & HID Signo reader tie up   Renters Reform Act – but what about Section…
Read More →