England, Scotland and Wales, what are the rental trends?

As with national property prices versus regional ones, rental trends vary for each area, even to postcode level, but not as much as property prices. For example, you might have 10 different prices for a two bed flats vs four for rent. In the regional indices chart, we include average monthly rents from LSL, Homelet and Belvoir for June 14 vs June 13, compared to the Move with Us average monthly rent for Q2 14 vs Q2 13 and the Valuation Office Agency’s figures for 1st April 2013 – 31^st March 2014.

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It’s unlikely that any indices can be directly compared, but what we can do is check whether they are all giving the same trending information – ie going up or down, so we can get a feel for what’s actually happening in the market from a variety of sources.

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The breakdown for Scotland and Wales regions show:-

• In Wales, the Belvoir index suggests a slight fall of -2.1% year on year, with LSL, Move with Us and Homelet all showing small year on year rises of 1.6%, 3.9% and 4.7% respectively.
• For Scotland, data from the Move with Us indices indicates a year on year rental increase of 8.3%, with Homelet indicating small falls of -3.8%, year on year.

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