Thanks for your interest in Goodlord. We don't provide services directly to landlords but we work directly with letting agents up and down the country who utilise our additional products, such as insurance, to create the best renting experience in the world. If you'd like us to put you in touch with a Goodlord agent in your area, please use this form to help us pair you up with an agent that meets your needs.
If you need some help with Goodlord, please visit our Tenant Help Centre in the first instance. If you are unable to find the answer you need, then our Support Team will be on hand to help you.
Average rent £901 nationally in May - Goodlord Rental Index
5 June 2019
Goodlord reveals key figures for the private rented sector in May 2019 based on tenancies processed through our platform, including average rents, tenancy lengths, voidage periods and more, in the Goodlord Rental Index.
Here are the key findings from the Goodlord Rental Index for May 2019.
Average rent increased in four of the eight regions we monitor over the past month in the lead up to the Tenant Fees Act, bringing the average rent nationally to £901 per month. The highest monthly rent continues to be in the Capital, at £1,643 in May, with the next highest in the South East, at £1,044. The region with the lowest average rent in May was the North East, at £634.
The average voidage period across all regions was 20 days in May. It’s taking a week longer to fill properties in the North East, which has the longest average void period at 28 days, followed by the North West at 25 days. The shortest void period was for properties in the South West, at 15 days.
Fixed term tenancies are average just under a year nationally, at 11 months, with the longest average terms in the Capital, at 14 months, followed by the South East at 12 months. The North West and West Midlands have the shortest fixed term tenancies, at 9 months.
The North East and West Midlands were the most affordable regions for renters in May, with an average property affordability of 4.1 each. Affordability is defined as a tenant’s yearly income divided by their yearly rent share. The least affordable region for renters is London, at 3.4.