Rental market enters its “winter cool down”
Summary
Goodlord’s latest Rental Index shows annual rental growth holding at 5% in October, while monthly growth eased, suggesting the lettings market is moving into a seasonal slowdown. Average void periods also lengthened, indicating a cooler market despite continued upward pressure on rents across most regions.
Why it matters
Rental trends affect valuation assumptions, landlord decision-making and local market conditions that surveyors may need to reference in advice or reports. The article also links current rent inflation to the Renters’ Rights Act, which may influence compliance and market behaviour in the lettings sector.
Key points
- Annual rental growth remained at 5% in October, but monthly growth slowed to 0.6%.
- Average void periods increased to 28 days, up from 20 days in September.
- Rents rose year-on-year in all regions except the East of England.
- The North East recorded the strongest annual rent growth at 14.2%.
- Goodlord says the Renters’ Rights Act and supply constraints are contributing to rental inflation.
Organisations:
Goodlord, The Negotiator
Regulations:
Renters’ Rights Act
Locations:
Wales, England, Scotland, East of England, North East, Yorkshire and the Humber, North West, South West, Greater London
Read the original article
This is an RPSA summary of a publicly available article. The full content remains with the original publisher.
