Three in 5 (58.5%) landlords have raised rents prior to now yr alone, signalling that many are benefiting from an more and more aggressive market.
What’s extra, a 3rd (36.3%) say they plan to additional improve rents within the subsequent six months.
Aviram Shahar, co-founder and chief government of Lendlord, which carried out the analysis, stated: “Many are elevating rents, however they’re doing so cautiously, balancing inflationary pressures with tenant stability.
“Our information reveals demand stays excessive, with very low emptiness charges throughout the board, and landlords are rigorously monitoring the potential affect of regulatory change.
“This newest information offers a clearer image of how landlords are responding on the bottom, not simply when it comes to pricing, however how they’re serious about stability, regulation and future plans.”
Some 72.8% of landlords are totally let, with solely 6.8% reporting a emptiness fee of greater than 25% throughout their portfolio.
Many have their eyes on the upcoming Renters’ Rights Invoice, with 72% both monitoring or planning to evaluation rents, and solely 14.4% having already made adjustments.
Common regional rents are as follows: Larger London, ÂŁ1,959.78; South West, ÂŁ1,500.99; South East, ÂŁ1,383.36; East of England, ÂŁ1,289.73; North West, ÂŁ1,000.53; West Midlands, ÂŁ995.80; East Midlands, ÂŁ991.23; Wales, ÂŁ941.39; Yorkshire & Humberside, ÂŁ858.91; Scotland, ÂŁ844.24; Northern Eire, ÂŁ743.61; and North East, ÂŁ732.55.
