Rents hit eight-month high and voids hold steady during May - Goodlord Rental Index
The cost of rent hit an eight-month high in May, now nudging the record set in September 2022, according to Goodlord's latest Rental Index.
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The cost of rent hit an eight-month high in May, now nudging the record set in September 2022, according to Goodlord's latest Rental Index.
Average rents and tenant salaries in England rose again in April, as the lettings market stayed buoyant, according to Goodlord's latest Rental Index.
Rents and average tenant salaries are up while void periods are at their lowest level since last summer, in Goodlord's March Rental Index.
Void periods fell in almost all regions monitored by Goodlord in its February 2022 Rental Index, while rents held steady, following a pattern of steadier prices over recent months.
Goodlord's research shows a jump in the number of landlords asking prospective tenants to provide guarantor, rising by 36% over the past four years.
Average rental prices increased in January while void periods grew slightly after an unusually busy December, in the latest Goodlord Rental Index.
Both average rents and void periods held steady during December according to the latest Goodlord Rental Index, the strong holiday season indicating a promising year ahead for the lettings market.
Void periods dropped across England during November as demand for rental properties continued apace. The average cost of rent was also down, further fuelling tenant demand to snap up new properties ahead of Christmas.
The average cost of rent dipped by an average of 8.9% compared to September prices in October, while voids hit the highest averages recorded since May, in Goodlord's latest Rental Index.