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

Letting Agent Talk

29 is the age house sharing becomes ‘embarrassing’

but 11% still do it, according to new Nationwide research That equates to 27 million admitting they have felt embarrassed about their living situation With 69% saying living alone is unaffordable, it’s no surprise the average age of those in house shares is 35 From moving home (12%) to living with an ex (10%), as…
Read More →
Estate Agent Talk

1 in 5 London Homes Listed in Last 30 Days

The latest research from London lettings and estate agent, Benham and Reeves, reveals that one in five homes currently for sale in London have been added to the market within the last 30 days, as sellers respond to strong buyer demand. Demand for London homes is strong Benham and Reeves has analysed current residential property…
Read More →
Commercial Agent Talk

Biggest block management headaches revealed

The latest insight from property management specialist, Rushbrook & Rathbone, has found that utilities, cleaning and gardening are the most common block management requirements, accounting for almost two thirds of all call-outs and maintenance tasks carried out in 2025. Rushbrook & Rathbone’s internal data shines a light on what most frequently drives costs when it…
Read More →
Home and Living

Invasive plants could be damaging your property

What every homeowner needs to know. Invasive plants growing in your garden could be causing serious and costly damage to your property without your realising. Some species can undermine foundations, cracking patios and driveways, and spreading rapidly beyond your boundaries, potentially leading to disputes with neighbours. The financial impact can be significant. Left untreated, these…
Read More →
Rightmove logo
Breaking News

Rents stand still at start of the year for the first time since 2017

The average advertised rent of homes outside of London remains flat (0.0%) at £1,370 per calendar month, the first time since 2017 that there has been no rise from Q4 to Q1: Average advertised rents in London rose by 0.7% this quarter to £2,736pcm Average rents outside of London are still 1.6% higher than this time last year, though this is the lowest this figure has been since 2018…
Read More →
Breaking News

London estate agents represent best value added

The latest research from AgentWise, the agent community helping to support estate agents through global collaboration and market insight, has found that London estate agents represent the best value added during the transaction process when compared to many other global property hotspots, with the average commission earned per property sitting well below other major global…
Read More →