Three in 5 (58.5%) landlords have raised rents prior to now 12 months alone, signalling that many are making the most of an more and more aggressive market.
What’s extra, a 3rd (36.3%) say they plan to additional enhance rents within the subsequent six months.
Aviram Shahar, co-founder and chief government of Lendlord, which performed the analysis, stated: “Many are elevating rents, however they’re doing so cautiously, balancing inflationary pressures with tenant stability.
“Our information exhibits demand stays excessive, with very low emptiness charges throughout the board, and landlords are fastidiously monitoring the potential impression of regulatory change.
“This newest information provides a clearer image of how landlords are responding on the bottom, not simply when it comes to pricing, however how they’re fascinated with 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 evaluate rents, and solely 14.4% having already made adjustments.
Common regional rents are as follows: Larger London, £1,959.78; South West, £1,500.99; South East, £1,383.36; East of England, £1,289.73; North West, £1,000.53; West Midlands, £995.80; East Midlands, £991.23; Wales, £941.39; Yorkshire & Humberside, £858.91; Scotland, £844.24; Northern Eire, £743.61; and North East, £732.55.
