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EXCLUSIVE: Rising borrowing costs sparked by interest rates are thought be putting landlords with smaller portfolios off the buy-to-let market.
The average rent price increased by 8.7% throughout the UK on an annual basis in March, shows new data from HomeLet. This gives an average rent price of £1,078 per month – a 0.8% increase on February. Excluding London, the yearly rise comes to 7.4% and the average rent bill to £910 a month. On a regional basis, the
Buried deep within the OBR costings of the Chancellor's 2021 budget were details of a rise from 3 to 4% in the stamp duty surcharge on additional properties.
The average rent in the UK increased by 0.4% during January to £1,064 per tenancy, or £897 if London’s sky-high rents are omitted, the UK’s most comprehensive rental index has revealed.
The latest lettings market snapshot from HomeLet suggests another record average UK monthly rent level of £1,064 pcm - up a marginal 0.4 per cent on the December figure.