πŸ’₯ The KLIC | Feb 2025 Reading Lettings Market Update

πŸ“ˆ Rental Prices – In the 12 months leading up to December 2024, average UK private rents surged by 9.0%, reaching Β£1,369 in England, Β£777 in Wales, and Β£991 in Scotland.


πŸ’₯ The KLIC | Feb 2025 Reading Lettings Market Update


πŸ’¬ To all the sceptics out there – the lettings market is thriving!

πŸ“ˆ Rental Prices – In the 12 months leading up to December 2024, average UK private rents surged by 9.0%, reaching Β£1,369 in England, Β£777 in Wales, and Β£991 in Scotland.

🏠 Supply – There’s been a 13% increase in available rental homes compared to the previous year, easing the supply-demand imbalance.

πŸ‘₯ Demand – Despite a 16% decrease in prospective tenants year-on-year, the market remains robust with an average of 10 applicants per available rental property, double the pre-pandemic average.

Click the image above or head below to see the 'Investment of the month'

πŸ’· Affordability – The average tenant now spends 35.7% of their income on rent, with 1 in 5 tenants allocating over half their income to housing costs.

πŸ’ͺ🏾 With rental demand still significantly outpacing supply in many areas, landlords remain in a strong position. As we move through 2025, stability in mortgage rates, further base rate cuts to come and rising wages should help maintain a positive outlook for the rental sector.

Kiel πŸ₯‘
Your Reading Avocado Property Partner,
Small Business Owner & Dad 🫢🏾

☎️ 07769 345 086 

#rdguk #avocadoproperty #dealintheding #theklic #landlord 











Click the image above to see my Reading Market Update for February


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