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
Propertymark backs move to commonhold
Propertymark has welcomed proposals from the Ministry of Housing, Communities and Local Government to phase out the sale of new leasehold flats in England and Wales, while warning that the transition to commonhold must be carefully managed to avoid market disruption and consumer confusion. Responding to the UK Government’s consultation on “Moving to commonhold: banning…
Read More 
Phasing out leasehold flats is the right thing to do
Propertymark has welcomed UK Government proposals to ban the sale of new leasehold flats and replace them with a commonhold system designed to give homeowners greater control over their properties. Responding to a consultation launched by the Ministry of Housing, Communities and Local Government, Propertymark said the reforms could help tackle many of the long-standing…
Read More 
Deposit Disputes Are Rising – Are Baths to Blame?
Interior Designers Say Acrylic Baths Are the Hidden Culprit in Family Rentals Deposit disputes over bathroom damage are rising, and acrylic bath surfaces are the overlooked culprit. Acrylic baths are often marketed as lasting 10 to 15 years or more, yet designers say many start to look tired in busy family homes within just a…
Read More 
Inheritance tax haul grows as more families are dragged into the tax net
Inheritance tax receipts got off to a slightly slower start in the first month of the 2026/27 tax year, but the figures still underline how rapidly the tax burden on estates continues to grow. HM Revenue & Customs (HMRC) collected £0.7 billion in inheritance tax in April, £65 million less than during the same month…
Read More 
The 10 biggest homebuyer turn-offs
From overgrown gardens to nightmare neighbours, homeowners across Britain could be knocking tens of thousands of pounds off the value of their property before a buyer even makes an offer. New insight from House Buyer Bureau reveals the most common homebuyer turn-offs that could be thwarting your chances of making a sale, and the…
Read More 
5 trends driving London’s landscaped gardens
London gardens can add more than £205,000 in value as Chelsea tops table for prime buyers seeking outdoor space Ahead of this year’s Chelsea Flower Show, research by Enness Global has revealed that a garden can add more than £205,000 to the value of a London home, whilst Chelsea fittingly boasts the highest degree of…
Read More