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

Kitchen Trade Expert Shares Five Benefits of Fully Assembled Units

The UK kitchen and bedroom fitting sector is currently facing a number of challenges. The UK Trade Skills Index 2023 report revealed that 937,000 new workers will be needed in the construction and trade industries by 2032 to meet the demands of the sector, impacted by the widening skills loss posed by Brexit, an ageing…
Read More →
Breaking News

Why are HMO numbers falling?

The latest research from COHO, the HMO management platform, reveals that despite little change in tenant demand, house share availability has dropped by almost -60% in some parts of England, raising the question of whether we’re seeing an HMO landlord exodus. COHO’s analysis of house share listings data* shows that in England, the number of…
Read More →
Breaking News

Only 27% of homes have been fixed in a £1.8bn Govt programme

Report shows only 27% of homes have been fixed in a £1.8bn Govt programme, as red tape and asbestos keep thousands in the cold Thousands of homes will face another winter of fuel poverty due to a raft of failures as scheme to fix them hits buffers Hundreds of millions of pounds of allocated grant…
Read More →
Breaking News

UK House Price Index for July 2025

The latest index shows that: – The average monthly rate of house price growth in July was +0.3%. The average annual rate of house price growth in July was +2.8%, down slightly from +3.6% in June. As a result, the average UK house price sits at £269,735.   Director of Benham and Reeves, Marc von…
Read More →
Breaking News

ONS House Price Index – Thoughts from the Industry

Thoughts from the Industry about the latest ONS House Price Index. Nathan Emerson, CEO of Propertymark: “It is positive to see the housing market progressing forward in strength. As we move towards the autumn months, hopefully this momentum will continue. “There continues to be two factors that may weigh heavily on consumers’ minds as they…
Read More →
Overseas Property

European capitals hold £76bn worth of property potential

The latest market insight from international property consultancy, Astons, reveals that across seven major European capital cities for property investment activity, the current market holds £75.8bn worth of opportunities. Astons has analysed the current property markets in seven major European capital cities* to see which have the most residential listings and therefore offer the greatest…
Read More →