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  • Buy-to-Let

    3 key trends identified in lettings sector



    A new quarterly overview of the UK lettings sector reveals three key trends: viewings are rising and more tenancies are being signed, but supply is on the way down.

    The first edition of the survey, to come out each three months from software company Reapit and market intelligence consultancy Dataloft, shows viewings up 13.3 per cent on a year ago, and lease signings up 3.5 per cent.

    However, private rental supply has declined 6.9 per cent.

    Despite this, rents have stayed broadly flat over the past year but the organisations behind the survey warn that rents may well rise over the coming year because of these trends.  See - Rents to rise 15% in next 5 years say RICS

    Full/source article

    SEE ALSO  -        Increasing political engagement by tenants

    UP NEXT -            Summary of current trends in BTL
               
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    Hello Vanessa

    I have read on various sites rents are expected to rise in the region of 15% over the next five years. Is that 15% above inflation or 15% including inflation? It's very confusing, if it's including inflation, then it's not going up in real terms, or am I missing something? I ask because I have never increased the rent on a tenant but with all the talk of rent controls, I'm becoming rather nervous. Also the rents in my area appear to have increased significantly in the last two years, for example a 3 bed terrace which would have let for approx £1200 per month is now fetching in the region of £1450. Finally it's my understanding Social Housing rents increase by RPI inflation +1%, would you know if this is correct? Thank you TMM

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