One fifth of all UK rentals are in London

Wednesday, 11 April 2012 9:49 AM

The number of rental properties increased last year at the same time as house sale listings dropped.

According to Experian analysis there were an additional 58,000 properties being marketed to rent in 2011 in comparison to the same time in 2010.

The volume of properties for rent increased every quarter last year based on yearly comparisons.

The third quarter saw the strongest increase in listings with a 14.46 per cent rise.

As this upward trend was taking place, the number of properties listed for sale dropped by about 12,000 last year.

The market dictated this trend with many homeowners choosing to wait out the struggling sale months before listing their house for sale.

“This insight shows that homeowners may be using renting as a back-up plan if they are unable to sell or alternatively some may still consider property a long-term investment,” Jonathan Westley, managing director of consumer information services at Experian said.

London dominates the market with 20 per cent of the UK’s rental properties located in the capital.

Wales and the West Midlands saw the best improvement in the number of houses-to-let with a 20 per cent rise in listings last year compared to 2010 figures.

August remains the most active time for the rental market which receives a boost as students look for accommodation close to their place of study.
 

Rents continue to stay high in London.

Londoners continue to pay more for rent

London continues to be the most expensive place for renters with the average household spending a whopping 71 per cent of income on rent. According to the latest rental index the price gap between the capital and the rest of the UK continues to widen.

London sees a rent drop.

London rents drop again

Prime central London rents have dropped in price for the sixth consecutive month. While rents are still higher than one year ago the fall has totaled 0.8 per cent since October 2011.

Rental prices on the rise.

Rental prices rose across the UK

January recorded its first ever rental rise according to the most recent figures from the LSL buy-to-let index. The rise of 0.1 per cent saw the average rent in the UK hit £712 per month.

Tenant demand outstripping supply

London rental stock 'could be running out'

Demand from people looking to rent a London pad is so great that available stock could be running out, according to the Association of Residential Letting Agents. The organisation claims that after years of supporting the housing slump, the private rental sector could finally be nearing capacity.

London's house prices are booming

London house prices rise by 11.2 per cent in a year

Property values in London have risen by more than 11 per cent in the last year, according to the most recent data from the Land Registry. Nationwide, England and Wales have seen an average increase of 4.4 per cent.

House prices are rising rapidly in London

London house prices surge

House price growth has been positive across all regions of the UK in the first quarter of 2014, but nowhere more so than in London, where property prices have surged by 18 per cent over the three-month period.

Private rentals are in demand.

Rental market grows 24 per cent; August most competitive month

Private rentals experienced a 24 per cent rise in demand last year.Couples under the age of 35 make up almost one quarter of this market, many with interests in London-based property which saw the highest rise in interest at 35 per cent.

London first time buyers are up by a third

London first-time buyers rise by a third

The fourth quarter of 2013 saw first-time buyer numbers in London soar by a third compared with the previous year, a study has revealed. Figures from the Council of Mortgage Lenders (CML) have shown that 13,400 loans were granted to first-time buyers between October and December.

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