With the complex nature of the rental market and economic landscape, property value and rental pricing can no longer rely solely on mere numbers and square footage. Delving into the psychology at play within the mind of a potential tenant may reveal several psychological factors at play. These factors can be strategically applied by property …
Tag: Rental Yields
Rent Increases 2024: New vs Renewed Tenancies and the Catch-Up Effect
The rental market has seen significant changes in 2024, particularly in how rent increases have affected renewing tenants compared to new tenants. A report by Hamptons Lettings Agency has highlighted how the gap between new and renewed tenancies has shifted. Increasing Rents and Market Trends Back in April 2018, new tenants paid just 1.1% more …
Rental Reality: Tenants Face Surge in Property Costs
Changes in the Rental Market A report by insurance company HomeLet has highlighted shifts in the rental market, documenting an escalation in rental prices. The report recorded a 10.1% increase in rent, with a 12% increase in London specifically, resulting in an average rent of £1,276 nationwide, and £2,179 in London. HomeLet has also reported a 2.2% drop in affordability across …