The average cost of rent is at a year-to-date high of £1,104 per property in September, while voids increased compared to August, but are still 10.5% lower according to the year-on-year figures.
The market looks strong heading into autumn, with rents continuing to climb across most of the country in August, and national average for void periods remaining low.
An analysis of 5,000 student lets processed through the Goodlord platform between January 2021 and July 2021, shows the student rental market recorded a huge boost in the cost of rent for tenancies that began during July.
The lettings market in England experienced a hugely busy July, with rents up and voids down across the board, as demand for rental properties goes from strength to strength.
Rents increased in every region monitored by the Goodlord Rental Index in June.
Voids are tumbling across the country and rents continue to be more resilient than predicted, shows the latest Goodlord Rental Index.
There was little change to average rents in England in April 2021 showed the latest Goodlord Rental Index, but void periods rose in most areas of the country.
Each region monitored by Goodlord saw a rise in the average cost of rent during March, the first time we have seen such a uniform increase across England since July 2020.
An analysis of 255,000 tenancies shows that revenues from student lets dropped by 30% in 2020, with the amount spent on student properties dropping from 12p in every £1 to just 8p between 2018/19 and 2020.
Once lockdown came into effect on 23rd March 2020, the impact on the sector was swift, but the pace of activity appears to be increasing, pushing volumes much closer to those seen in 2020 before the pandemic hit.