Rents hit new record!

Rents hit new record! Do you have a property to let?

Asking rents hit new record and now a third higher than pre-pandemic says the research from Rightmove. National average asking rents outside London hit new record of £1,231 per calendar month (pcm) and average asking rents for new tenants are now over £300 (33%) more than pre-pandemic 2019. 

Are you making the most of your investment?

Homes are continuing to let at speed, with the current time to find a tenant at its quickest since last November despite a slight easing in the gap between demand and supply adds Rightmove. The average property available to rent is finding a tenant in 17 days while tenant demand is up by 3% compared to last year, however available properties to rent are up by 7%.

Landlords currently face multiple market challenges leading some to sell up, however they are determined to keep good tenants in their homes. A recent survey shows landlords are most concerned about government sentiment towards the industry (47%), rising taxation (41%) and increasing compliance requirements (33%). Reassuringly, the majority (57%) of landlords say tenants choose to stay in their properties for longer than 24 months. 

 

If you would like to find out what rent we can achieve for your investment, please get in touch with our lettings team today.

 

Arins - letting homes in Wokingham, Lower Earley, Tilehurst, Reading and Winnersh since 2009.

 

Share:

Other recent news articles:

House prices more than £30,000 higher than this time last year while rents move upwards!

We’ve seen exceptional demand from buyers and tenants alike as summer is in full swing. As we look towards the autumn, we believe prices...

Read more

Prices fall though likely more due to holidays than rate rises

Price of property coming to the market sees first fall this year, down 1.3% in the month to £365,173 (-£4,795): - Prices usually...

Read more

★ ★ ★ ★ ★

Harry and Chrissie helped us with our sale and...

"Harry and Chrissie helped us with our sale and they were brilliant at what they do. Harry was spot on with the asking price and sold within the first round of viewings, got us multiple offers and..."

View more on allAgents
★ ★ ★ ★ ★

From start to finish Arins were quick, thorough...

"From start to finish Arins were quick, thorough and on the ball. The marketing was done almost instantly, with one packed day of viewings leading to mulitple offers. They were also constantly..."

View more on allAgents
★ ★ ★ ★ ★

Arins handled my sale perfectly from the...

"Arins handled my sale perfectly from the beginning. They arranged many viewings, worked around my limited availability because of my health problems. always responded by phone or email very..."

View more on allAgents
★ ★ ★ ★ ★

We recently had the pleasure of working with...

"We recently had the pleasure of working with Arins to sell our home, and We couldn\'t be happier with the experience. From the very beginning, they demonstrated a high level of..."

View more on allAgents
★ ★ ★ ★ ★

Having had zero joy with another agent, we...

"Having had zero joy with another agent, we instructed Arins. From day one they were on it. We got the house listed just before Christmas and on the same day we had viewings booked for the first day..."

View more on allAgents


Register today for property updates
Register

Instant online valuation

60 - second instant online valuation
Get a valuation