Heatwave fails to cool market as lettings stay hot
The recent heatwave in England failed to cool the lettings market, according to Goodlord data, which shows an uptick in the volume of new tenancies year on year.
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The recent heatwave in England failed to cool the lettings market, according to Goodlord data, which shows an uptick in the volume of new tenancies year on year.
Rents were up in June as voids dipped and tenant salaries were high, according to the latest Rental Index from Goodlord.
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.