Rents rose in all regions across Great Britain (yr on yr) according to Countrywide

October 16, 2017

The Countrywide PLC Monthly Lettings Index – September 2017 published today headlines ‘Rental sector grows as Landlords expand portfolios.’

Rents in Great Britain rose 1.6% year-on-year as rents in Greater London grew for the second consecutive month.

Countrywide research reveals: Today fewer landlords and more rental properties means the size of the average landlord’s portfolio is the biggest since Countrywide’s records began in 2005.

Commenting on the analysis, Johnny Morris, Research Director at Countrywide, said:

“The increasing number of rented homes is being driven by landlords expanding their portfolios rather than new landlords entering the market.  Increasing regulation in the sector accompanied by recent changes to income tax relief on mortgage interest payments seem to be favouring more experienced, professional landlords.  Despite expanding portfolio sizes the sector is still characterised by those owning just one or two homes, 73% of landlords own one home.

“Rents rose in all regions across Great Britain to stand 1.6% up on the same time last year.  The number of landlord purchases continues to remain low which is feeding through into fewer homes on the rental market.  Rents in London rose for the second consecutive month, driven by a pickup in rents in outer London.”

Read the Countrywide PLC Monthly Lettings Index – September 2017 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

Home and Living

FIVE food cupboard cleaning products that beat the branded – all under £1.50!

Use white wine vinegar to get rid of yellow pillow stains Many cleaning products Brits already have in their food cupboards Cleaning expert on five cleaning products that can help clean your bedroom From limescale to stubborn stains, many household messes can be tackled with items that are probably at the back of your food…
Read More →
Breaking News

Taxing times for bereaved families as IHT receipts hit a fresh record

Inheritance Tax receipts for April 2025 to March 2026 are £8.5 billion, which is £0.2 billion higher than the same period last year. This surpasses the £8.2 billion recorded the previous year and marks a fifth consecutive annual record. Rising receipts come amid intensified enforcement and public criticism that the inheritance tax system is unfairly…
Read More →
Breaking News

UK property management sector tops £37bn

The latest research from Property Inspect reveals that the UK property and facilities management sector grew by 4.1% in 2025, with annual revenue surpassing £37.7 billion. Forecasts suggest that 2026 will see this figure continue to rise. Property Inspect has analysed data on the estimated market size of the UK’s facilities and property management industry,…
Read More →
Estate Agent Talk

How Estate Agents in Cambridge Support First-Time Buyers

Buying your first home can feel both exciting and overwhelming. If you are doing it in a city like Cambridge, you can probably dial that terror up a few notches. It is a place where historic charm meets a high-octane tech economy, and that combination creates a property market that operates differently from many other…
Read More →
Breaking News

UK House Price Index for February 2026

The latest UK House Price Index for February 2026 shows that:   The average monthly rate of house price growth in February was +0.1%. Average UK house price annual inflation was 1.2% in the 12 months to February 2026. As a result, the average UK house price currently sits at £268,000.   Damien Jefferies, Founder…
Read More →
Breaking News

Ready or Not: How Prepared Are Landlords and Tenants for the Renters’ Rights Act?

44% of landlords and 64% of tenants say they are not confident about what will actually change when the Renters’ Rights Act comes into force. New research from LRG shows that while the Act is widely known about, what it means in practice is still unclear for many people on both sides of the tenancy.…
Read More →