The surveys and agents/landlords we talk to on a regular basis, tell us rents are stable and very little is happening. There are a couple of exceptions to this, in Greater London for example, the LSL indices suggests rents are going up more than inflation, while Belvoir and Homelet indicate rents in the area are only rising in line with inflation.
If you are a landlord/tenant in Greater London, rents vary from £1,110 to £1,345 up to £2,200 according to the new Move with Us index. Rents appear up, mostly in line with inflation. From an advice perspective:-
| Landlords –How this affects your investments: Rents rising in line with inflation is the ideal scenario. However, check your yields and if interest rates rose to 7%, would your property investment still be cash flow positive? It's important to make sure your property's looked after, read our Choosing a Letting Agent Checklist for more information | xxx |  |
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Tenants – What this means for you: When rents are rising, it is best to secure accommodation sooner rather than later. Typically, once you are in a property, landlords are less likely to increase rents, particularly if you are a good tenant. For advice on finding the right property to rent read our |
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Letting Agents – It is a really tough lettings market with a huge shortage of stock. Landlords tend to like an easy life, which means if you are giving a great service, you shouldn’t have to compete on price. For new stock coming onto the market, check out build to rent schemes supported by the government to see if you can secure them to rent in the future. For best practice make sure you are a member of a landlord association, for more advice |
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