What's happening in the rental market?

publication date: Mar 17, 2010
author/source: Kate Faulkner, Property Expert and Author of Which? Property Books

What's happening in the rental market?

Rental incomes show a bit of move upwards this month, giving mixed signals as to what will happen to rental prices in 2010. It's still likely that as Xmas and the cold weather is over that more people will decide to rent. As a result rental increases are more likely to be around 5% this year rather than the possible 10% Q4 2009's data suggested might happen.

Investigating what is happening seem to show that some areas and property types- as with property prices - are 'recovering' to a point where supply is just under demand, nudging prices up. As the figures reflect 'average' activity, sometimes poor performing areas dominate, so rents go down and at other times good areas perform, pushing prices upwards.

Buy to let borrowing is also improving, but tenants are still defaulting on landlords. New legislation coming in this year will add more costs to a buy to let business and legislation is almost at a level that will 'strangle' the industry and effectively cause those struggling to make BTL returns to leave the market altogether. READ MORE for the headline rental statistics.

To find out what's happening regionally, including the top performing areas, plus Belvoir Lettings quarterly regional update, READ MORE.

Latest Legislation Changes
Read all about the latest leglislative changes that ARE already planned and those that are proposed. If you disagree with them - then ACT NOW! Don't delay or you could get hit with some very heavy regulation that dramatically increases the costs of your BTL business.

If you require more information on the rental market, the latest legal changes or have a property question, telephone 0845 838 1763 or contact us via email.  

Need help with a property problem? Have a question? Why not call Designs on Property on 07585 897128 or Contact Us via email.
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