Rents rise and voids drop as March sees market pick up pace - Goodlord 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.
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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.
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 biggest ever State of the Lettings Industry Report from Goodlord and Vouch shows in detail which pandemic-induced shifts have proved short-term, and what market movements look set to reshape the industry permanently