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Let: Apr-Jun 2018

Click here to download Q2 2018 report.

Key Findings

  • Rental values averaged £556 per week for flats and £1,033 per week for houses over the last 3 months.
  • Properties let over the last 3 months achieved an average of £35.40 per square foot per annum in rent, up from £34.83 at the same time last year, and down from £35.92 6 months ago.
  • The number of properties let over the last 3 months was up 1.3% versus the same period last year, but up 2.0% from 3 months ago.
  • Achieved rental values rose by 1.6% compared to the same period last year, and fell by 1.4% versus 3 months ago.
  • The CPI was 2.4%, and the RPI was 3.3% last month (ONS).

Current Availability

Click here to download Q2 2018 report.

Key Findings

  • 77.0% of properties have asking prices less than £1,000 per week, down from 81.1% from the previous 3 months and down from 80.0% from the same time last year.
  • 5.2% of properties have asking prices of £2,000 or more per week.
  • 32.0% of flats and 24.0% of houses currently available have seen a reduction in asking rents since they were first put on the market.