Rents continue to rise as more tenants enter market: haart

Rents continue to rise as more tenants enter market: haart

The number of tenants entering the market across the UK rose by 3.4% in September, according to research from haart.

Due to this rise in demand, rents have risen by a further 0.6% on the month, with the average rent now sitting at £1,268 across the UK.

Demand in London has also risen by 2.5% on the month, however is down 26.5% annually. London rents have risen by 1.5%, and the average rental price now sits at £1,788.

The number of landlords registering to buy also rose by 5% across England and Wales, however has fallen by 1.1% in London. The annual fall is greater, 20% and 37% on the year respectively.

The number of buy-to-let sales fell on the month by 2.6% in England and Wales, and by 2.5% in London. This came as sale prices fell by 1.9% across England and Wales, and rose by 9.7% in London.

Across England and Wales, house prices in September dropped by 1.6% on the month, but are up 0.5% on the year.

The average purchase price for first-time buyers has risen by 9.9% on the month, and by 0.1% on the year. This comes as the number of first-time buyers entering the market has fallen by 0.6% on the month, and by 10.6% on the year.

Join our mailing list:

Leave a comment

Latest Comments

Kelvin Lloyd
Kelvin Lloyd 09 Oct 2017

IT is up, to the Planners. If they will only give permission for bungalows on certain (suitable) sites, they will be built.

view article
maggie swift
maggie swift 09 Oct 2017

It's just the beginning of the shocking rise.

view article
maggie swift
maggie swift 09 Oct 2017

I have recently read that the bungalows can provide social housing for elderly residents in London.

view article
zoe glover
zoe glover 05 Oct 2017

Update! Worst company I have ever dealt with. Undervalued a Cambridge property by over 100k, wont take on any evidence of valuation including a RICS valuation done 3 years ago for the very same value...

view article
Paul Edwards
Paul Edwards 27 Sep 2017

Its nonsense articles such as this that make it harder to get clients to realise just how difficult the market is out there. When you see Rightmove and there are more 'price reduced' then 'new' most days...

view article
Tom Allen
Tom Allen 20 Sep 2017

Absolutely agree with you!

view article
RyanGeo 18 Sep 2017

A sharp correction would be a less dramatic expression to use. That is already underway in certain sectors in Reading where I practice as Chartered Surveyor

view article
sean benton
sean benton 01 Sep 2017

Identity theft is a thread for any profession. So,people should stay alarmed. I once take help from a letting agent and came to know that letting agents are taking every precaution to prevent fraudulent...

view article
Mark N.
Mark N. 30 Aug 2017

We have seen a surge in instructions over August and that should continue into September too.

view article
Chris 30 Aug 2017

Unfortunately, all the legislation bears its force on Landlords and ignores, naively, the effect of Rogue Tenants on the ability of landlords to keep houses in repair and offer properties for rent at reasonable...

view article
Christian Donovan
Christian Donovan 18 Aug 2017

The write-down on house values, combined with the fall in the GBP saddled the fund?s property portfolio with a 1.4% loss in the second quarter. The shocking amount of $240 million.

view article
Samantha Goodman
Samantha Goodman 11 Aug 2017

Interesting point of view.

view article

Related stories

More articles from Finance