Monthly Archives: October 2014

Rents Hit All Time High

According to the latest statistics by LSL, average rents in England and Wales hit an all time high last month, averaging £768, 1.5% higher than the same time last year.

Across England and Wales, there is a mix of results, with the West Midlands 2.4% lower than a year ago, and a drop of 2.3% and 1.1% in the North East and Wales respectively.

Between August and September the average rent in the South East increased by 1.8%, in the North West by 1.4% and in the North East by 1.2%.

The slowest month on month rent increases were in the East Midlands, up 0.4% and London ann the West Midlands, where rents increased from August to September by just 0.5%.

The average landlord in England and Wales has seen a return, before deductions such as mortgage payments and maintenance, of £22,706 in the last year. This is made up of rental income of £8,379 and an average capital gain of £14,327.

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Why Online Letting Agent Reviews Are So Important

In an online world where there are many Online Letting Agents to choose from, it’s hard to decide which one to pick. The services offered by each differ slightly, but all basically do the same thing; get your property out there! But that’s not the whole story. It’s not just about getting your property out… Continue Reading