Rents continue to rise albeit at slowest rate since 2021 ⬆️🐌
#CAVENDISHEXPERTS! The logical choice for Lettings, Sales and Property Management in Nottingham | Cavendish Residential | One Fletcher Gate NG1 1QS | 0115 941 0656 | www.cavendishproperty.co.uk
Rent report from Rightmove's Rent Price Tracker:
🔸 Average advertised rents outside London hit a 19th consecutive quarterly record of £1,344 per calendar month (PCM)
🔸 That's up 5.2% from last year, although this is the slowest rate of growth since 2021
🔸 The balance between supply and demand continues to improve compared with last year, but Letting Agents are still very busy with high numbers of tenants looking to move
🔸 The average number of enquiries per rental property is now 15, down from 23 last year, but
nearly double the 8 recorded in 2019
🔸 Available supply has increased by 13% year-on-year, though it is still 27% below 2019 levels, highlighting continued pressure on rental availability
🔸 More than a fifth of rental properties are currently seeing a reduction in the advertised rental
price before finding a Tenant, compared with 16% last year
🔸 It appears some landlords are bracing for a potential Capital Gains Tax rise in the Autumn budget, as well as new EPC regulations, with a record proportion of former rental homes currently on the market for sale
Are you charging the right rent for your rental property? 🤔
If you are renting out your home and want to know if you're charging the right level of rent, contact Lisa by completing the form opposite, or email lisa.dahl-parsisson@cavendishproperty.co.uk 📧
📸 Lisa Dahl-Parsisson, Head Valuer and Asset Manager at Cavendish Residential 📸
☎📧🗨
🌟 Instant online valuation (immediate response, 60-70% accurate)... Click here 🌟
🌟 Remote consultant valuation (24-hour response, 80-90% accurate)... Click here 🌟
🌟 Face-to-face visit (time to suit you, 100% accurate)... Email expert valuer lisa.dahl-parsisson@cavendishproperty.co.uk to get started 🌟
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#CAVENDISHEXPERTS! The logical choice for Lettings, Sales and Property Management in Nottingham | Cavendish Residential | One Fletcher Gate NG1 1QS | 0115 941 0656 | www.cavendishproperty.co.uk
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