Blog - Residential lettings
Friday, May 20, 2022
Spring has sprung into action and the UK’s property market continues its story of rising prices fuelled by buyer and tenant demand for properties. The Royal Institution of Chartered Surveyors’ most recent market sentiment survey of the lettings market suggests that rent rises will continue through summer and into future years too. Its report says: “All regions are anticipated to see further material increases in rental prices over the next three months. Over the year ahead, rents are expected to rise by approximately 4% while five-year projections sit at around 5% per year through to 2027.”
Thursday, September 30, 2021
After a year and a half of disruption due to the COVID pandemic, the government has confirmed that notice periods in England are to return to pre-pandemic levels on 1 October 2021. Notice periods had been set at four-months in most cases since June this year.
Thursday, August 26, 2021
Tenant demand in the private rental sector is now at its highest ever according to ARLA Propertymark. The average number of new prospective tenants registered per branch increased 16% in July from June figures to the highest figure ever recorded, breaking August 2020’s previous record.
Thursday, July 8, 2021
June was another busy month for our Lettings teams – our best June ever in fact - and recent statistics confirm national trends towards a decrease in void periods and an increase in average monthly rents. Good news for landlords! Average UK rent has just exceeded £1000pcm for the first time (Homelet July 2021) and voids have dropped in all regions (except the West Midlands) reflecting high levels of tenant demand being seen across the UK according to Goodlord.
Monday, April 26, 2021
Whilst the Budget in March offered a double bubble for property sales with its extension to the stamp duty holiday deadline and assistance for first time buyers, the Lettings market has also seen reason for optimism recently with the extension to the furlough scheme and support for the self-employed. February and March were good months for the lettings market, with UK rents holding steady and void periods dropping as tenants start to plan beyond lockdown. The South East, South West and West Midlands all saw average rents increase slightly.
Monday, November 30, 2020
2020 has been difficult for everyone, so to finish the year on a really positive note, The Frost Partnership has a special Christmas gift for landlords; six months FREE property management on all new instructions until the end of January 2021. Each year, over the Christmas and New Year period we see a massive increase in tenants registering to start their property search, so don’t wait until January, call us now and beat the New Year rush.