More landlords exiting the rental market according to Belvoir

January 2, 2018

Belvoir reveals in their latest Rental Index report – Q3 September 2017. National Rental trend for England Q3 2017: Average rent £804, 0.12% year on year increase in average rents. 1.5% increase from 2016 annual average rent to Q3 2017 average rent.

Dorian Gonsalves, Belvoir CEO said: “Our rental index shows that in terms of rental inflation the market is much more settled than recent media reports would suggest.”

Highest rents in Q3 were to be found in London (£1,436) and the South East (£1,052) according to Belvoir data.

Dorian Gonsalves also said “During Q3 more landlords were exiting the market, and less investors were buying. An increased number of offices reported that six to 10 landlords were selling up, which in turn is reducing supply. Interestingly, most offices reported a decrease in demand for HMOs and we will be tracking this trend, along with others over the following year.”

Read the Q3 Belvoir Rental Index 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.

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