Requests for rental guarantors rise 36% over four years
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.
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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
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.