Highlights of the last 5 years of the rental market….

18 12 2012

To follow on from our last post, we have extracted a summary of the report produced by Kate Faulkner on how the rental market has been behaving for the last 5 years…..

  1. Average rents across the UK have fallen by nearly 2.4% over the last five years.
  2. If rents had risen in line with inflation since 2008, tenants would be paying £113 more per month.
  3. Due to the prominence of the ‘accidental landlord’, a substantial amount of rental stock may disappear when the property sales market recovers.
  4. Scottish average rents have remained stable at an average of £550 over the last 2 years
  5. Welsh average rents have remained stable in the past 12 months at around £600 per month.
  6. Areas yet to recover to September 2008 levels by September 2012 include the East Midlands, East Anglia, North West and Yorkshire
  7. Areas stabilising around 2008 levels include West Midlands and Scotland
  8. Areas where rents have recovered to 2008 levels and are rising include the South West, South East, North East and London

 

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