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Hello,
This week we look at things happening on room rents, potential regulation for short lets, top tips on finding a profitable HMO, a supply issue being left by “retired” Landlords and some April rental stats. Read on for more details;
Rents for rooms hitting an all-time high
Rents for rooms are skyrocketing and has seen a year-on-year increase of 20% in the capital and 15% in the rest of the UK in the first quarter of 2023.
Guide to finding a profitable HMO
Investing in HMO’s is picking up pace due to the potential of higher yields and greater return on investment. Here’s a surveyors guide to how it should be done.
Short term lets and planning approval
Planning approval needed for holiday lets and short lets is the next thing being discussed after Michael Gove suggests it is pricing local people out of the housing market.
Ageing Buy to Let Landlords retire
Another reason why rent stock is falling and rental prices are increasing as ageing buy to let landlords sell up and retire.
April Rental Market Stats
Below are some UK rental stats (at time of writing) so far for April. If you want more specific region stats then reply to this and I will be more than happy to discuss.
• New Instructions – 52,183
• Lets agreed – 37,155
• Properties let – 11,392
• Average rental price on new instructions - £1636.00pcm
Hit reply to this email if you want to comment on the above topics and look out for my Lettings market update next week.
If you need any help with anything Lettings, Investments or Developments then get in contact with me and I will be more than happy to help.
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