After breaking records in July, rents remained sky high in August - topping the £1,400 threshold for the second month in a row says Goodlord’s latest Rental Index. The average rent for a property in August was £1,438, slightly lower than the record figure of £1,470 recorded in July. Year-on-year, however, rents are up by nearly 7%.
Greater London was the only region to see a shortening of voids, with void periods reducing from 13 days to 12 days in August. The Index also recorded a reduction in salaries for renters signing new tenancy contracts in August, with average pay down from £38,086 in July, to £36,719 in August - a reduction of 3.6% month-on-month. Year-on-year, salaries are now up by 0.86%, compared to a 7% rise in rents.
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We’ve seen exceptional demand from buyers and tenants alike as summer is in full swing. As we look towards the autumn, we believe prices...
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Winnersh Triangle,
Building 220, Wharfedale Road,
Wokingham, Berkshire, RG41 5TP
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