Commentary for April 2009
Unlike the buying/selling market, the number of people renting is at it's highest from many years, with around 14% of people renting in the UK. Just over a year ago, many pundits were 'laughing' at the 4-5% of returns that Buy to Let investors were making, due to the 8% returns you could receive from a bank account. How quickly things change! In just over a year, these returns are starting look fantastic in comparison to any other asset class you could invest in!
However, not everything is rosey in renting and letting, especially as houses are performing better than flats at the moment. READ MORE
Scroll down to the bottom of the page for renting and letting articles.
For more indepth rental market views, read Belvoir Lettings' latest 'Regional Rental Report' and Savills' Spotlight on Student Housing.
Headline Statistics from Belvoir Lettings and FindaProperty
Please find below rental performance by region from Belvoir Lettings, which has over 145 offices across the UK. The Belvoir index shows rents rising 8% per annum by the end of June 2008 and rents falling by 4% per annum by the end of October 2008 due to increased supply of properties to rent from frustrated sellers.
Belvoir Region | April 08 to
June 08 | July 08 to
Sept 08 | Oct 08 to Dec 09 | Jan 09
to Mar 09 |
London | 6% | -2% | -2.4% | -1.75% |
South East | -3% | 6.9% | -2.8% | -4% |
South West | 4% | -1.4% | -1.0% | -3.6% |
West Midlands | -1% | 0.6% | -0.8% | +4% |
East Midlands | 0% | 1.6% | -2.6% | -2% |
East Anglia | 1% | -1.9% | -1.0% | +2% |
Yorkshire | -2% | 2.9% | 1.9% | +2.9% |
North West | 2% | 1% | -0.5% | -2.7% |
North East | 0% | 0% | 0% | -0.75% |
Scotland | 3% | 17% | -3.8% | -0.4% |
Whole of UK | 0% | 0% | -1.4% | -1.95% |
FindaProperty Rental Index Highlights
| Key statistics | February 09 | March 09 | April 09 |
| Average Rental Per Month | £830 | £827 | £819 |
| Av Rental Yield | 4.63% | 4.65% | 4.6% |
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
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