Advertised rents at record highs, but some landlords now being forced to reduce asking prices, Rightmove says
8 months, 1 week ago

Advertised rents at record highs, but some landlords now being forced to reduce asking prices, Rightmove says

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. London asking rents were 5.3 per cent higher in the first quarter of 2024 than a year earlier, slowing from a 6.1 per cent annual rise in the fourth quarter of 2023. The number of available rental properties is 11 per cent higher than last year, but 26 per cent below 2019 levels, the website said. A third, 30 per cent, of top-of-the-ladder properties currently see a reduction in price, a new record for this time of year in Rightmove’s data going back to 2012. “The fact that, even with some improvements to the level of supply, we are still nearly 50,000 properties behind the pre-pandemic market, is a stark reminder that the industry needs more good quality rental homes.” Simon Thompson, group lettings director at Miles & Barr in Kent, said: “I think it is fair to say that price growth has eased; however the pace of new supply coming on to the market is also starting to slow, probably due to a combination of the relatively low numbers of new landlords coming into the market, and a few landlords looking to sell.

London Market Properties Price Average Cent Quarter This Time Rent Rental Rightmove  rents  reduce  rent  asking  rental  record  properties  cent  quarter  rightmove  forced  advertised  higher  prices  average  price  landlords  tenants  market  highs

History of this topic

Mapped: How much rents have gone up in your region as prices hit record high
3 weeks ago

Mapped: How much rents have gone up in your region as prices hit record high

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Annual growth in UK house prices and rents has accelerated, …

Housing rents to rise between 4.1% and 7.7% next year
3 weeks ago

Housing rents to rise between 4.1% and 7.7% next year

Dutch News  

Tenants will be hit by hefty rent rises next year, with people living in “affordable” housing facing the biggest increase, according to new government figures. People living in rent-controlled property with a rent of between €900 and €1184 this year will face an increase of 7.7% next year, while social housing will become up to 5% more expensive. Housing which …

£6,395 drop in average price tag on a home in December
3 weeks, 3 days ago

£6,395 drop in average price tag on a home in December

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. “We are …

Rental costs up £3,240 a year on average since end of pandemic
4 weeks ago

Rental costs up £3,240 a year on average since end of pandemic

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. The number …

Landlords beware: Rent-shamers are calling out overpriced listings online
4 weeks, 1 day ago

Landlords beware: Rent-shamers are calling out overpriced listings online

LA Times  

Beatrice Sandoval holds up a sign at an L.A. County Board of Supervisors meeting in April. The doomed listing became another case of “rent shaming” — a modern, perhaps inevitable, phenomenon that’s sprouting up across Facebook housing groups and other platforms as rent continues to soar across Southern California. “The comment might say ‘BOOOOO’ followed by laughing and poop emojis,” …

Average price tag on a home falls by more than £5,000 in November
1 month, 3 weeks ago

Average price tag on a home falls by more than £5,000 in November

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Tim Bannister Rightmove’s director of property science said: “The …

Average house prices in UK reached record high in October
2 months ago

Average house prices in UK reached record high in October

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. In the fourth monthly increase in a row, house prices increased by 0.2 per …

Rental hotspots: These areas have seen monthly costs rise 40% in four years
2 months ago

Rental hotspots: These areas have seen monthly costs rise 40% in four years

Daily Mail  

Renters have endured a tough time in recent years, paying ever-higher prices as they compete for a declining number of available homes. Going up: Cities such as Manchester, Edinburgh and Glasgow have seen above-average rent rises over the past four years, as well as areas such as Dorset and Somerset Some cities have seen rents increase by 40 per cent …

Renting Crisis Grips Cities, Pushing Up Property Prices
2 months, 1 week ago

Renting Crisis Grips Cities, Pushing Up Property Prices

The Hindu  

The cost of renting homes has shot up by 26-67 percent in the last three years in key micro markets in India’s seven biggest cities. This is having an increasingly larger impact on the current incomes of the population that rents. The sharp increase in the high cost of renting is having an increasingly larger impact on the current incomes …

‘Buyers’ market’ as property asking prices rise more slowly than usual
2 months, 2 weeks ago

‘Buyers’ market’ as property asking prices rise more slowly than usual

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Tim Bannister, Rightmove’s director of property science said: “This …

Asking rents ‘hit fresh records but more properties undergoing price reductions’
2 months, 3 weeks ago

Asking rents ‘hit fresh records but more properties undergoing price reductions’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Asking rents outside London have …

Nearly a fifth of homes on the market have previously been rented – Rightmove
4 months ago

Nearly a fifth of homes on the market have previously been rented – Rightmove

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. This is more than double the 8% of homes …

More signs that the Dutch rental housing market is shrinking
5 months, 2 weeks ago

More signs that the Dutch rental housing market is shrinking

Dutch News  

More evidence has emerged that small private landlords are selling their rental homes because of tough new rules on rent controls and higher taxes, according to figures from estate agents association NVM and landlords lobby group VGM. “They are unable to buy their rental flat, and they face murderous competition to find another affordable home.” “We hope the new housing …

More signs that the Dutch rental housing market is shrinking
5 months, 2 weeks ago

More signs that the Dutch rental housing market is shrinking

Dutch News  

More evidence has emerged that small private landlords are selling their rental homes because of tough new rules on rent controls and higher taxes, according to figures from estate agents association NVM and landlords lobby group VGM. “They are unable to buy their rental flat, and they face murderous competition to find another affordable home.” “We hope the new housing …

It won’t be popular, but there’s only one answer to tackling soaring rents
5 months, 2 weeks ago

It won’t be popular, but there’s only one answer to tackling soaring rents

The Independent  

Despite the efforts of successive governments, the dream of home ownership has grown more and more out of reach for years. However, the above figure for average rents, covering the second quarter of the year from property website Rightmove, is up nearly 7 per cent compared with a year earlier. True, the pace of increase has slowed a bit – …

Average rent outside London hits record high – check how your area compares
6 months ago

Average rent outside London hits record high – check how your area compares

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The new record of £1,316 across Britain, excluding London, means that average advertised rents …

Rightmove expects better year for UK housing market amid 2% customer growth
7 months, 4 weeks ago

Rightmove expects better year for UK housing market amid 2% customer growth

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Rightmove is expecting improvements in …

New York City’s rent-stabilized tenants face 3rd year of price hikes as renters and landlords grapple with rising costs
8 months, 1 week ago

New York City’s rent-stabilized tenants face 3rd year of price hikes as renters and landlords grapple with rising costs

Hindustan Times  

-- Tenants in New York City’s 1 million rent-stabilized apartments are on track to face the third year in a row of rent increases as renters and landlords grapple with rising costs. Tenants in New York City’s 1 million rent-stabilized apartments are on track to face the third year in a row of rent increases as renters and landlords grapple …

Britain’s rental market at ‘boiling point’ as prices skyrocket and tenants compete for mouldy, cold homes
9 months, 2 weeks ago

Britain’s rental market at ‘boiling point’ as prices skyrocket and tenants compete for mouldy, cold homes

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. She said: “I was hoping I would be able to live here until I …

'I don't think it's a Ponzi scheme,' economist says, as median property values rise by $63,000
9 months, 2 weeks ago

'I don't think it's a Ponzi scheme,' economist says, as median property values rise by $63,000

ABC  

In short: The price of the median national dwelling has reached an all-time high of $765,762, according to CoreLogic. Over the past 12 months, CoreLogic's Home Value Index has risen 8.9 per cent, as demand exceeds supply. CoreLogic's interactive Mapping the Market tool found that 88.4 per cent of the 4,625 house and unit markets analysed nationally saw values rise …

Mapped: See how the UK’s record rent rises impact your area
9 months, 2 weeks ago

Mapped: See how the UK’s record rent rises impact your area

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. “As the cost of living crisis apparently eases, the cost of renting crisis is …

UK rents skyrocket at fastest rate on record, new Office for National Statistics figures show
9 months, 2 weeks ago

UK rents skyrocket at fastest rate on record, new Office for National Statistics figures show

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The average UK rent increased by 9 per cent in the 12 months to …

Rents up 29% since pre-pandemic despite recent slowdown - how fast have they risen in your area?
9 months, 2 weeks ago

Rents up 29% since pre-pandemic despite recent slowdown - how fast have they risen in your area?

Daily Mail  

Rents have risen 29 per cent since just before the start of the pandemic, new research has revealed. Zoopla says the sharp rise in rents during the pandemic helped to push more than half of rental homes above £1,000 a month for the first time, almost double the level five years ago. One of the areas with the most rapid …

Opinion: Renting in L.A. could go from bad to worse
10 months, 3 weeks ago

Opinion: Renting in L.A. could go from bad to worse

LA Times  

Renting in Los Angeles is about to become more difficult for many people. Depending on how the city responds, it could find itself escalating a lose-lose conflict with local landlords, and the pain would be widely felt: More than half of Angelenos live in rental units. The city’s fledgling renter assistance program has distributed only a fraction of its $30-million …

Rents outside of London reach record average of £1,280 a month - but hikes are slowing down
11 months, 2 weeks ago

Rents outside of London reach record average of £1,280 a month - but hikes are slowing down

Daily Mail  

Tenants are showing signs of having hit an 'affordability ceiling' as they fork out record sums in rent, new research suggests. Rightmove revealed the increases and decreases in rental prices around the country Another record: Average asking rents reach £1,280 a month outside London, says Rightmove It is the 16th consecutive record in asking rents outside of London, with tenants …

Average asking rents ‘hit new record high with 11 inquiries typically per home’
11 months, 2 weeks ago

Average asking rents ‘hit new record high with 11 inquiries typically per home’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. We can’t keep seeing double-digit rent rises every year …

Map reveals where rent is highest in UK as costs soar to record high
11 months, 3 weeks ago

Map reveals where rent is highest in UK as costs soar to record high

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Rents in Scotland increased by 6.3 per cent in the 12 months to December …

Depressing statistic that will have young Sydneysiders wanting to move to Melbourne
1 year ago

Depressing statistic that will have young Sydneysiders wanting to move to Melbourne

Daily Mail  

Rents continued to grow in every capital city in the last months of 2023, but economists say there could be some relief on the horizon. The latest PropTrack Market Insight report found the median national rent has continued on its meteoric rise, increasing 1.8 per cent over the December quarter to $580 per week. This is an 11.5 per cent …

‘I thought every day I was going to be homeless’ - Inside the unstable London rental market
1 year ago

‘I thought every day I was going to be homeless’ - Inside the unstable London rental market

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery Cabinet minister Michael Gove says council planning departments are taking …

How the rent crisis is pricing out Britain’s landlords
1 year ago

How the rent crisis is pricing out Britain’s landlords

The Telegraph  

In theory, a record jump in rental prices should be a good thing for landlords. Higher rents have meant first-time buyers are doing whatever they can to get on the property ladder, just as high mortgage rates have weakened investors’ buying power. The result is that first-time buyers are now overtaking landlords when it comes to commanding Britain’s mortgage market. …

Buying a home is now 52% MORE expensive than renting one, new analysis finds, with typical mortgage payment $1.1K higher than rent
1 year, 2 months ago

Buying a home is now 52% MORE expensive than renting one, new analysis finds, with typical mortgage payment $1.1K higher than rent

Daily Mail  

Americans buying property are now paying 52 percent more on mortgage payments than the average cost of renting a home - the highest premium for buying since at least 1996. The average cost of a new lease for a family home was around $2,184 in the third-quarter of this year, according to research by real estate intelligence firm CBRE In …

UK house prices ‘little changed’ from a year ago but rents show record rise
1 year, 2 months ago

UK house prices ‘little changed’ from a year ago but rents show record rise

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. ONS head of housing market indices Aimee North said: …

Rents ‘could rise four times as fast as house prices across the years ahead’
1 year, 3 months ago

Rents ‘could rise four times as fast as house prices across the years ahead’

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Across Britain, rents could rise by 25% over the four-year period, compared with 5.5% …

Landlords selling up their buy-to-let make ‘£10,500 less than if they had sold in 2022’
1 year, 4 months ago

Landlords selling up their buy-to-let make ‘£10,500 less than if they had sold in 2022’

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Landlords selling up …

Rents set to continue rising sharply despite cost-of-living squeeze, experts say
1 year, 4 months ago

Rents set to continue rising sharply despite cost-of-living squeeze, experts say

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. A net balance of 63 per cent of professionals expect rental prices to increase …

UK’s rental shame: Tenants paying four times as much of income as homeowners on housing
1 year, 5 months ago

UK’s rental shame: Tenants paying four times as much of income as homeowners on housing

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Average floor space per renter has fallen by a fifth …

Average London rental costs may soar to £2,700 a month, figures suggest
1 year, 5 months ago

Average London rental costs may soar to £2,700 a month, figures suggest

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Average rental costs in London …

Average of 20 viewing requests for each home to rent, says Rightmove
1 year, 5 months ago

Average of 20 viewing requests for each home to rent, says Rightmove

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. The average …

Rent prices hit new record as tenants facing ‘crisis like never before’
1 year, 5 months ago

Rent prices hit new record as tenants facing ‘crisis like never before’

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A charity has said that renters are “facing a crisis …

High rental growth likely to ease from 2024 as RBA reaches end of interest rate hikes
1 year, 5 months ago

High rental growth likely to ease from 2024 as RBA reaches end of interest rate hikes

ABC  

High rental growth is likely to ease from next year as the Reserve Bank of Australia signals it is near the end of its current interest rate hiking cycle and inflation begins to moderate. Key points: CoreLogic analysis expects rental growth will begin to ease from 2024 as the RBA nears the end of its current monetary tightening cycle It …

Average price tag on a home fell by £905 in July – Rightmove
1 year, 5 months ago

Average price tag on a home fell by £905 in July – Rightmove

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. First-time buyers, …

Adam Bandt says rents are rising six times faster than wages. Is that correct?
1 year, 7 months ago

Adam Bandt says rents are rising six times faster than wages. Is that correct?

ABC  

The claim A year after its election victory, the Albanese government is yet to deliver on a key promise: to establish the Housing Australia Future Fund as a means of delivering more affordable public housing. In an email, Mr Bandt's spokesperson said the claim was based on a comparison between "this month's" asking rents data and last year's wage data. …

House prices rise for the first time in 11 months in March, while chronic rental shortage continues
1 year, 9 months ago

House prices rise for the first time in 11 months in March, while chronic rental shortage continues

ABC  

Property prices have gone up nationally for first time in 11 months, despite rising interest rates. Key points: CoreLogic's national property price index rose for the first time since April 2022 Sydney led the monthly gains, while Hobart's home prices continued to drop sharply A federal report is predicting a shortfall of more than 100,000 homes within the next five …

As the rental crisis worsens, people are applying for homes they have not seen, offering more than the asking price
1 year, 11 months ago

As the rental crisis worsens, people are applying for homes they have not seen, offering more than the asking price

ABC  

When Celia McDonald was told her rent was being raised by $150 a week, she knew she had to find a new place. Key points: Low availability and the rising cost of rentals means many are struggling to find housing The owner of a property management company says the rental crisis is the worst he has ever seen Agents cannot …

Rents rising at slower pace despite 'record high' 10pc surge last year, CoreLogic says
1 year, 11 months ago

Rents rising at slower pace despite 'record high' 10pc surge last year, CoreLogic says

ABC  

Australian landlords passed on their biggest-ever rent increases in 2022, and the cost-of-living situation is unlikely to ease significantly for tenants in coming months. Key points: Rents have been rising at a slower pace in the past six months Rental vacancies are still very low New rental listings hit a 10-month high last month Last year, the nation's median rent …

Revealed: The ten towns that saw house prices rise the most in 2022
2 years ago

Revealed: The ten towns that saw house prices rise the most in 2022

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “There is quite a high proportion of ex-local authority …

Average monthly rent is £117 higher than a year ago – Zoopla
2 years, 1 month ago

Average monthly rent is £117 higher than a year ago – Zoopla

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The average rent for a …

Homes ‘selling for 3% below asking price on average’
2 years, 1 month ago

Homes ‘selling for 3% below asking price on average’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “It’s important sellers who want to achieve a sale …

Apartment rental prices to continue to rise; Advocates want Cabinet to intervene
2 years, 2 months ago

Apartment rental prices to continue to rise; Advocates want Cabinet to intervene

NL Times  

The average square meter price for a rental home in the private sector rose slightly in the past quarter compared to a year earlier. On average, new tenants paid 16.90 euros per square meter in the third quarter, housing platform Pararius reported based on the rental housing supply. “In the third quarter of 2018, new tenants in the free sector …

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