Average rents increased in Q4 2016 according to Belvoir.
April 3, 2017
The latest Belvoir Rental Index Report for Q4 2016 is now published on their website. Belvoir Lettings is one of the UK’s largest specialist residential lettings agencies with over 150 offices nationwide and a 20+ franchise support team based at Central Office in Grantham.
Belvoir report that the National Rental Trend for offices in England, Scotland and Wales that have been trading consistently over the last eight years, that the data indicates rental increases of just over 1.25%, year on year, from £734 in Q4 2015 to £744 in Q4 2016. When comparing the Q4 2016 average rent to the 2015 annual average of £722, this shows a 3% increase.
For the offices in England, Wales and Scotland, including all new Belvoir offices, the average rent for Q4 2016 is £799 per month,compared to the Q4 2015 average, shows a year on year increase of just under 3.75%. Comparing the Q4 2016 average to the 2015 annual average, this shows increases of around 4.5%.
Read the Belvoir Q4 2016 Rental Index Report in full, by region and county including data, click here.
You May Also Enjoy
Breaking Property News 20/12/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Why estate and letting agents must embrace innovative technology in 2025 As we step into 2025, the UK property market continues to shift, and estate agents face mounting pressure to meet the evolving expectations of buyers and sellers. The days when static images sufficed…
Read More
Breaking Property News 19/12/24
Daily bite-sized proptech and property news in partnership with Proptech-X. High street Auctions’ initiative launches to revive Britain’s town centres This month the UK Government rolls out its highly anticipated ‘High Street Auctions’ scheme, a flagship measure of the Levelling Up and Regeneration Act 2023. This initiative grants local authorities the power to take…
Read More 
Moving Up In The World: Finding Your Dream Home
Finding your dream home is one of life’s most exciting and transformative experiences. Whether you’re looking to upsize, relocate, or finally purchase that ideal property you’ve always envisioned, the journey is both thrilling and filled with important decisions. As you embark on this path, it’s essential to plan carefully, consider your priorities, and approach the…
Read More 
These cities are the keenest to move house in 2025
Bournemouth is the keenest area in the UK to move home, with 38,132 average monthly searches for moving-related topics per 100,000 residents. Plymouth is second, with 35,198 average monthly searches for moving, and Birmingham is third, with 35,181. Derry is the least keen area to move house, with only 3,170 average monthly searches related to…
Read More 
Number of rental enquiries still double pre-pandemic, as rents predicted to rise 3%
The average number of enquiries sent to agents about each available property they have to rent is still nearly double the level it was in 2019, despite improvements in the balance between supply and demand: Each available property receives an average of 11 enquiries, nearly double the 6 at this time in 2019 This is…
Read More 
Response to the Bank of England interest rates decision
Response to the Bank of England interest rates decision, thoughts from the Industry Rates were left unchanged at 4.75% MPC voted 6 to 3 in favour of holding rates flat, with three members preferring to cut rates by 0.25% to 4.5% In the near-term inflation is expected to “continue to rise slightly” The market was expecting rates to remain…
Read More