Pace of rent rises slows but for how long?
The latest findings from the HomeLet Rental Index show that the average UK rent on new tenancies increased by 1.6 per cent in the three months to August 2015, compared to a rise of 2.2 per cent for the three months to July and June 2015. Martin Totty (left), Chief Executive Officer of Barbon Insurance Group, parent company of HomeLet, said “Rents continue to run slightly ahead of house prices, with the majority of the UK still experiencing rising rents, albeit at a much slower pace than we saw in the early part of 2015.”
Read the full story on Propertydrum: Rents rise at a slower pace
This slowing of rent rises though may not be long lasting as according to recent research carried out by the Residential Landlords Association (RLA), 65 per cent of landlords are considering increasing rents following the Budget announcement.
Read the full story on Propertydrum: Britain’s biggest landlord increases rents 33%