Rental Market Update September 2009

Download Send a summary of this page to someone via email.

Rental Market Commentary for September 2009
Skip to Headline Statistics or Useful Resources

The rental market continues to steady in most areas, especially as lots of stock was recently taken up by students in September and no doubt an increase in activity from people a bit fed up from living at home!  

As with house prices, rental prices vary dramatically on a regional basis. Normally London will outperform everywhere else, but a lot of 'accidential landlord' properties have, up until this month, depressed rental income. Things in London however are set to change while other areas around the UK, such as Scotland continues to outperform the rest of the UK! READ MORE

Headline Statistics from Belvoir Lettings and FindaProperty
From Belvoir's perspective many of their 140+ offices are now seeing a slowdown in stock from accidental landlords so rents are expected to stablise nationally by Autumn and in areas where demand increase versus supply, prices may even start to rise. Read the Belvoir regional update: READ MORE

FindaProperty
Rental Index Highlights

Key statisticsFeb 09Mar 09Apr 09May 09Jun 09Jul 09Aug 09Sep 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%

Regional Performance:
FindaProperty Index shows top performing areas include the North East England which shows small fall year on year and the worst area the West Midlands which shows rent alls of nearly 7% year on year. 

For more indepth rental market views, read Belvoir Lettings' 'Regional Rental Report'; Savills' Spotlight on Student Housing and the latest survey from RICS. ARLA also have latest data suggesting an increase in the number of tenants defaulting on payment while negotiating rents downwards is on the increase!

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

Free Property Articles

  Many would be interested in how to go about buying and selling on for profit
Nov 11, 2009
Buying and selling property for a profit used to be ‘easy’. Through the millennium you could buy a property and be guaranteed it would make money in a few years and in some cases, a few months. Some people (and mortgage lenders!) seemed to think house prices would continue to rise, others warned of a housing bubble, but didn’t seem to be able to accurately predict when it would burst.

However, burst it did, starting in the States and hitting the UK very hard. The recession appeared to start in the property sector and within months we saw sales drop by 50% prices fall by 20% from a 2007 peak. Rental income which normally rises when house prices fall, has suffered with year on year falls of 5% or more, voids have increased as have tenant rent arrears.
  What should you do differently in the current economic climate?
Nov 6, 2009
With the difficult economic environment we are in and new rules that are likely to apply to property investment from a financial perspective, means that ‘doing the same thing’ may well not work now, or even in the future when the market picks up.
  First time property investor: Where do you start?
Nov 5, 2009
When you are a first time investor the whole process is incredibly daunting. On one hand you are a bit like a first time buyer again – very excited about the investment adventure you are about to take, on the other hand, you are about to enter an unregulated market that can as easily lose you your life savings as it can make you a property millionaire!

Here are our top ten first steps to take to help you work out what you need to do to help make sure your first time investment is a success.
  What’s the Good News for Property Investors?
Oct 27, 2009
2009 has been an odd year for anyone involved in property. At the start of the year there were some fantastic bargains to be had as the media told ‘doom and gloom’ stories on a daily basis. However, all this ‘end of the world’ news meant that most sellers who didn’t have to move took their properties off the market and have stayed put.
 
Site Search