Rental growth slowed in February compared to the previous month according to Countrywide

March 13, 2018

The latest Countrywide plc Monthly Lettings Index report – February 2018 published 12th March 2018 headlined “Average landlord who sold in 2017 gained £86,651”

The report reveals: The average landlord who sold their rental property in 2017 did so for £86,651 more than they paid for it, having owned the home for an average of 8.7 years.

Rental growth slowed to 2.1% in February down from 2.4% in January, but was supported by increasing rents in London, according to Countrywide.

Commenting Johnny Morris, Research Director at Countrywide, said:

“House price growth has driven investor gains.  Landlords selling in 2017 owned their homes for nearly nine years.  In 8 of those last 9 years house prices have risen.  Even in areas where price growth has lagged behind most landlords have made a profit from rising prices.

“Rents continued to grow in January. London continues to see the greatest falls in the stock of available homes to rent, on the back of reduced investor activity, this scarcity of supply is driving rental growth.”

Read the latest Countrywide plc Monthly Lettings Index report – February 2018 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

Breaking News

Right to Manage: changes to legislation come into effect on Monday

On Monday 3 March further provisions within the Leasehold and Freehold Reform Act 2024 come into force, including Section 49 which concerns the change of non-residential limit on Right to Manage (RTM) claims. This secondary legislation will mean that residential leaseholders within a mixed-use scheme will qualify for RTM when the commercial element of a…
Read More →
Breaking News

Fall in construction workloads, warns Federation of Master Builders

Workloads for small building companies fell by 8% in the last three months of 2024, according to the latest Q4 2024 State of Trade Survey from the Federation of Master Builders (FMB). Brian Berry, Chief Executive of the FMB said, “The latest State of Trade Survey, looking at SME construction activity during the last three…
Read More →
Estate Agent Talk

Propertymark response to latest HMRC UK property transactions report

Nathan Emerson, CEO of Propertymark, comments: “Upcoming threshold changes regarding Stamp Duty for those buying in England and Northern Ireland will no doubt have had people aiming to complete with a higher degree of urgency than normal on their new home before the April deadline. “Overall, the figures represent an encouraging underpinning for the housing…
Read More →
Estate Agent Talk

Nationwide House Price Index – Thoughts from the Industry

Latest data from Nationwide showing property prices have risen by 3.9%, here are some thoughts from the industry. Nathan Emerson, CEO of Propertymark: “Year on year it is positive to see progression within the housing market, and it is encouraging to see momentum continue as we head further into 2025. There are still aspects to…
Read More →
Breaking News

Nationwide HPI – House price growth remains solid in February

Annual rate of house price growth remained broadly stable in February at 3.9%, compared with 4.1% in January House prices up 0.4% month on month Recovery in housing market transactions in 2024 Headlines Feb-25 Jan-25 Monthly Index* 543.7 541.6 Monthly Change* 0.4% 0.1% Annual Change 3.9% 4.1% Average Price (not seasonally adjusted) £270,493 £268,213 *…
Read More →
Home and Living

What’s the Best Sofa for a Cozy Winter Living Room?

Winter transforms living rooms into sanctuaries of warmth and comfort, with the sofa playing a central role in creating that cozy atmosphere. A well-chosen sofa can make the difference between a merely functional space and a truly inviting winter retreat. The ideal winter sofa combines deep, plush cushioning with durable materials like velvet or high-performance…
Read More →