Rental Market Update for November 2010

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Property rental income offered a mixed performance across the UK in November as tenants across the country tended to concentrate more about Xmas than finding somewhere new to live!  

Many areas are likely to have a relatively quiet month in December and rents tend to suffer a small seasonal downturn. However, rents will end up substantially higher at the end of 2010 than at the start and due to a stock shortage predicted in many areas, moving forward, we are likely to see a busy January 2011 and rises throughout the year.

From a landlord's perspective, the signs are that for 2011 there may be some easing of finance for Buy to Let investors who are cash rich and have a proven track record, which may help add much needed rental stock in some areas.

Should Tenants Buy to Let in Affordable Areas?
It may be for those tenants that rent in areas that they can't afford to buy in the long term, that looking at 'buying to let' in other nearby, affordable areas may be one of the few ways they can look to afford to purchase a home long term.  

If you are a tenant: rent something this side of Xmas if you can!
If you are a landlord: check out your portfolio, should you be buying, selling or holding?

Headline Statistics from Belvoir Lettings and FindaProperty
Latest November 2010 rental figures from Belvoir who have over 140+ offices across the UK show that in most areas, rents are static or rising, whereas in London and the South East, rents are going up anything between 5-10%.

READ MORE - Rental Market Quarterly Regional Statistics - Q3 2010

Belvoir Lettings' Rental Index November 2010

Key statistics	Jun 10	Jul 10	Aug 10	Sep 10	Oct 10	Nov 10
Average Rental Per Month	£683	£682	£695	£700	£703	£676

Key statistics	Oct 09	Nov 09	Dec 09	Jan 10	Feb 10	Mar 10	Apr 10	May 10
Average Rental Per Month	£691	£684	£680	£685	£680	£680	£681	£682

FindaProperty - Rental Index Highlights

Key statistics	Q3 10
Average Rental Per Month	£851
Average Rental Yield	4.69%

Key statistics	Oct 09	Nov 09	Dec 09	Jan 10	Feb 10	Mar 10	Apr 10	May 10**
Average Rental Per Month	£830	£831	£820	£804	£814	£820	£826	£839
Average Rental Yield	4.53%	4.56%	4.52%	4.45%	4.5%	4.5%	4.54%	4.57%

** Note: This Index moved from a monthly to a quarterly index

Key statistics	Feb 09	Mar 09	Apr 09	May 09	Jun 09	Jul 09	Aug 09	Sep 09
Average Rental Per Month	£830	£827	£819	£819	£823	£825	£829	£829
Average Rental Yield	4.63%	4.65%	4.60%	4.56%	4.56%	4.55%	4.57%	4.56%

For more indepth rental market views, download Savills' Spotlight on Student Housing and the latest survey from the RICS and ARLA.

Links to useful Renting and Letting Reports

ARLA    RICS    RLA    NLA   

For more market commentary on a national or local level:-
Contact Kate Faulkner on 07974 750562 or 0845 838 1763. To read more about Kate, please visit ABOUT US, see Kate on video and for media appearances, contact:

Sylvia Tidy-Harris
STH Management                    
Tel  +44 (0) 1530 263221
Mob  +44 (0) 7970 646872
Fax: +44 (0) 1530 264018