Pressure on House prices and Rents continues.

January 22, 2016

According to a report by Your Move and Reeds Rains tenants faced the fastest rise in monthly rent bills since 2011 last year, in their monthly index it showed that rents grew by 3.4% during the year, rising £27 on December 2014 to an average £794 per month, also the percentage of all unpaid rent had risen to 9.3% of the total due, up from 8.2% in November

The index had previously suggested rents, occasionally, rising at a faster pace than house prices for the first time since 2013 during 2015.

It is expected that official figures will  show average house price growth of more than 7% for last year and that the shortage of supply mostly blamed for driving prices upwards.

According to the Office for National Statistics the UK Property Transactions Count for Decemeber 2015 showed the seasonally adjusted estimate of the number of residential property transactions increased by 1.9% between November 2015 and December 2015. December’s seasonally adjusted figure is 11.6% higher compared with the same month last year.

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

Breaking News

Latest ONS Private Rent and House Prices Index

Average UK monthly private rents increased by 5.0%, to £1,360, in the 12 months to October 2025 (provisional estimate); this annual growth rate is down from 5.5% in the 12 months to September 2025. Average rents increased to £1,416 (5.0%) in England, £817 (6.7%) in Wales and £1,008 (3.4%) in Scotland, in the 12 months…
Read More →
Estate Agent Talk

Winter property checklist: How to protect your home this season

As temperatures drop and winter approaches, Propertymark, the leading professional body for estate and letting agents, is urging homeowners and tenants to prepare their homes for the colder months with a few simple maintenance checks that can prevent costly damage and ensure safety and comfort throughout the season. According to Propertymark, winter is one of…
Read More →
Breaking News

London homebuyers have paid nearly £25bn in Stamp Duty over the last decade

The latest research from Jefferies London shows that, as many await news of potential Stamp Duty reform in the upcoming Autumn Budget, homebuyers across the capital have collectively paid almost £25bn (£24.9bn) in Stamp Duty over the last ten years, with buyers in prime central London contributing the largest share by a considerable margin. Jefferies…
Read More →
Letting Agent Talk

Slow maintenance responses are driving tenant anxiety

New research from Adiuvo, the UK’s leading provider of 24/7 property management support, reveals that almost 60% of tenants report feeling increased stress or anxiety as a result of maintenance issues in their rental property, and for most, the lack of landlord action is more stressful than the maintenance issues itself. Adiuvo has surveyed 1,.013…
Read More →
Estate Agent Talk

Agent confidence split as housing market braces for Autumn Budget impact

The latest agent sentiment survey from GetAgent.co.uk reveals that, while property market activity has remained resilient through 2025, confidence among agents is now divided as the industry awaits key housing announcements in the Autumn Budget. The survey of estate agents, commissioned by GetAgent, found that whilst cautiously optimistic, there are increasing concerns about external economic…
Read More →
Breaking News

Letting agents to play pivotal role in Renters’ Rights Act rollout

The latest lettings sector insight from Dwelly, one of the UK’s leading lettings acquisition and success planning experts, has revealed that 57% of landlords do not feel prepared for the introduction of the Renters’ Rights Act, with many looking to their letting agent for guidance, highlighting the vital role letting agents will play in helping…
Read More →