Buy to Let index

June 2017 - Seven UK regions see rents rise on annual basis

Fast Facts

  • Average rent across England and Wales is £814.

  • Calling of snap election has no noticeable effect on prices.

  • Yields remain stable at 4.4%.

  • London rents nudge upwards but are still 5% lower than in May 2016.

  • London boroughs which share Zone 3 and 4 see lowest rents.

Quick Quotes

Valerie Bannister, Lettings Director, Your Move, comments:

  • “Strong and stable was the catchphrase of the election and this was demonstrated in real terms by the rental sector.”

  • “The majority of England and Wales saw rents increase between Theresa May’s election announcement in April and this survey being conducted in May.”

  • “Even London, which had seen prices fall in recent months, has returned to growth. Prices in the capital grew on a monthly basis for the first time since November 2016.”

  • “While landlords have seen yields squeezed in recent times, there are signs this could be stabilising. Returns this month were 4.4%, the same as in April.”

Key insights

  • The build up to a general election and the political uncertainty that brings have had no appreciable impact on the rental market, the Your Move England & Wales Buy to Let Index found.

  • Seven of the 10 regions covered by this survey saw rents rise between the election announcement in April and May. Rents in London also grew month-on month, the first time this has happened in six months.

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