rental market

The latest Rightmove Rental Trends Tracker

Landlords plan to reduce portfolios in spite of record asking rents:

  • In London, rents are at a record of £2,104 per calendar month (PCM), seeing the biggest quarterly jump at this time of year since we started recording this data.
  • The number of available rental properties is 24% down in London, as tax changes deter new and existing landlords: New research from Rightmove shows almost a quarter of landlords(24%) are planning to sell at least one property from their current portfolio. Read the full report here.

Source Rightmove – The Rightmove Rental Trends tracker – October, 2019

 

Balham growth