Rents Reach Record Average Across England
Rents rose again during May, with only one region across England not recording an increase, according to Goodlord. With the average rent for a new-signing tenancy clocking in at £1,226 - a rise of almost 1% from £1,216 in April - this is the highest rental average recorded since October 2024.
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Not only are rents across the country growing consistently, but we're also seeing void periods shorten, especially in the North West and East Midlands.
'Data from the last six years consistently shows that rental prices peak in late summer and early autumn. The way the numbers are currently looking suggests that this year will be no exception and that a range of new rental records will be set in the coming months.'‘‘’’
William Reeve, Goodlord Chief Executive.
How can investors benefit from this growth?
As rents continue to grow and demand heightens, investors can take their chance to invest now. By moving forward now, you can benefit from future growth and secure a strong capital appreciation.
With void periods shrinking, and tenants staying in the same space for longer and longer periods, securing a good tenant is key for investors to reduce the risk of losing money between tenancies, or to repair damages before the property is available again.
If you want to find out more, reach out to our expert team today.
