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TODAY'S OTHER NEWS

Rents continue to increase across most of England and Wales

Rents increased across most parts of England and Wales between March and April, according to the latest Goodlord rental index.

Monthly rents increased from March April in six of the eight regions Goodlord monitors across England and Wales, with declines only in the North East and South West.

The figures from PropTech company reveal wide regional variations.

According to the index, the average rent in each region stands at:

London - £1,652pcm

South East - £1,009pcm

South West - £867pcm

East Midlands - £832pcm

North West - £774pcm

Wales - £770pcm

West Midlands - £699pcm

North East - £618pcm

The data also shows that landlords in London had the shortest void periods, at an average of just 12 days - while the capital also had the longest fixed term tenancies, at 14 months; this was a full two months longer than in the South East, which was region with the second longest tenancies.

Void periods continue to be longest in the West Midlands, with an average of 31 days

The North West and Wales were the most affordable regions for renters in April. Affordability is defined as a tenant’s yearly income divided by their yearly rent share. London and the South of England are still the most unaffordable regions for renters

Poll: Are you finding that it currently takes more or less than three weeks to fill empty properties?

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    Well, I wonder why Rents are rising ???

    MHCLG should know, - they've been causing Increased Rent for over 3 years and are still hard at work, with the Tenant fee ban and Se 21 proposals.

    To sum it up, ' Clue-less about business. Especially the Private Rented sector, whilst Tenants suffer, blind to those seeking they're votes.

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