4 replies to this topic

[DrBubb]

RENTAL, and price data... for London, SE England, and UK-wide

Yields=: === Rightmove === // ==== Gr. London ===== : ==== SE, England ==== : / Other London Rents = = = :
===== : UKwide : GrLondon // AskPrice : Rental : Yield% : AskPrice : Rental : Yield% / Kens: Wand: Eal'ng: Grwch
'08 -Feb.: 200,000 : 400,000 // 430,000e. 1,767 : 5.00% : 2==000 : 1,131 : 5.= % / 3,574 : 1,850 : 1,646 : 1,221 - earliest data
=====
2008mar: 239,655 : 407,383 // 430,000e 1,764 : 4.92% : 2==000 : 1,151 : 5.= % / 3,526 : 1,866 : 1,523 : 1,226
'08 -Jun.: 239,564 : 399,010 // 425,000e. 1,714 : 4.84% : 2==000 : 1,125 : 5.= % / 3,374 : 1,808 : 1,591 : 1,215
'08 -Sep.: 227,438 : 394,248 // 420,000e. 1,702 : 4.86% : 2==000 : 1,131 : 5.= % / 3,286 : 1,770 : 1,XXX : 1,246
'08 -Dec.: 217,808 : 391,721 // 415,000e. 1,684 : 4.87% : 2==000 : 1,092 : 5.= % / 3,228 : 1,668 : 1,XXX : 1,305
2009mar: 218,081 : 398,867 // 402,412 : 1,650 : 4.92% : 259,752 : 1,066 : 4.93% / 3,183 : 1,646 : 1,523 : 1,296
'09 -Jun. : 226,436 : 397,140 // 414,590 : 1,625 : 4.70% : 269,314 : 1,080 : 4.81% / 3,217 : 1,643 : 1,536 : 1,247
'09 -Sep.: 223,996 : 390,768 // 432,107 : 1,610 : 4.47% : 272,405 : 1,090 : 4.80% / 3,321 : 1,624 : 1,XXX : 1,165
'09 -Dec.: 221,463 : 398,426 // 434,923 : 1,651 : 4.56% : 273,198 : 1,083 : 4.76% / 3,403 : 1,588 : 1,XXX : 1,236
2010mar: 229,614 : 417,461 // 437,464 : 1,685 : 4.62% : 274,185 : 1,061 : 4.64% / 3,482 : 1,669 : 1,627 : 1,184
'10 -Jun. : 237,767 : 429,597 // 440,136 : 1,729 : 4.71% : 279,793 : 1,089 : 4.67% / 3,625 : 1,738 : 1,621 : 1,171
'10 -Sep.: 229,767 : 399,019 // 425,259 : 1,818 : 5.13% : 276,081 : 1,122 : 4.88% / 3,730 : 1,819 : 1,659 : 1,248
'10 -Dec.: 222,410 : 408,248 // 429,135 : 1,925 : 5.38% : 274,899 : 1,117 : 4.88% / 4,046 : 1,XXX : 1,960 : 1,XXX
2011mar: 231,790 : 424,307 //

=== MONTHLY
Mon.: Rt'move : London= : UK-wide ======= : ==== Gr. London ==== :
2008 ===== : ======= : Rent: count/ Yield% : AskPrice : Rental : Yield% : xUKr
J. : : 230,428 : 398,476 : 873 : 100.0 : 4.55% :
F : : 237,856 : 402,233 : 872 : 120.3 : 4.40% :
M : : 239,655 : 407,383 : 873 : 132.8 : 4.37% :  430,000e 1,764 : 4.92% : 2.021
A : : 239,521 : 403,545 : 873 : 145.5 : 4.37% :
M : : 242,500 : 404,541 : 867 : 166.7 : 4.29% :
J. : : 239,564 : 399,010 : 869 : 189.8 : 4.34% : 425,000e 1,714 : 4.84% : 1.972
Jl : : 235,219 : 400,258 : 868 : 212.8 : 4.43% :
A : : 235,219 : 379,162 : 871 : 236.5 : 4.44% :
S : : 227,438 : 394,248 : 867 : 240.4 : 4.44% : 420,000e 1,702 : 4.86% : 1.963
O : : 229,691 : 395,560 : 830 : 295.6 : 4.33% :
N : : 222,979 : 390,340 : 831 : 289.9 : 4.40%
D : : 217,808 : 391,721 : 845 : 302.1 : 4.44% : 415,000e 1,684 : 4.87% : 1.993

2009 ===== : ======= : Rent: count/ Yield% : AskPrice : Rental : Yield% : xUKr
J. : : 213,570 : 386,653 : 840 : 316.9 : 4.72% : 402,000e 1,667 : 4.98% : 1.985
F : : 216,163 : 387,988 : 830 : 344.3 : 4.61% : 403,940 : 1,669 : 5.00% : 2.011
M : : 218,081 : 398,867 : 827 : 350.9 : 4.55% : 402,412 : 1,650 : 4.92% : 1.995
A : : 222,077 : 387,161 :  819 : 355.1 : 4.43% : 406,144 : 1,623 : 4.80% : 1.982
M : : 227,441 : 397,646 : 823 : 364.7 : 4.33% : 412,674 : 1,630 : 4.74% : 1.981
J. : : 226,436 : 397,140 : 823 : 363.0 : 4.34% : 414,590 : 1,625 : 4.70% : 1.974
Jl : : 227,864 : 402,761 : 825 : 358.5 : 4.34% : 427,886 : 1,611 : 4.52% : 1.953
A : : 222,762 : 387,265 : 829 : 329.3 : 4.47% : 427,691 : 1,601 : 4.49% : 1.931
S : : 223,996 : 390,768 : 829 : 329.0 : 4.44% : 432,107 : 1,610 : 4.47% : 1.942
O : : 230,184 : 416,157 : 830 : 295.6 : 4.33% : 436,163 : 1,636 : 4.50% : 1.971
N : : 226,440 : 403,069 : 831 : 289.9 : 4.40% : 437,634 : 1,640 : 4.50% : 1.973
D : : 221,463 : 398,426 : 820 : 290.0 : 4.44% : 434,923 : 1,651 : 4.56% : 2.013

Mon.: Rt'move : London :
2010
J. : : 222,261 : 407,731 : 804 : 292.5 : 4.34% : 432,898 : 1,651 : 4.58% : 2.053
F : : 229,398 : 427,987 : 812e 2XX.X : 4.24% : 436,101 : 1,673 : 4.60% : 2.060
M : : 229,614 : 417,461 : 820 : 270.0 : 4.29% : 437,464 : 1,685 : 4.62% : 2.055
A : : 235,512 : 421,822 : 826 : 2XX.X : 4.21% : 436,466 : 1,696 : 4.66% : 2.053
M : : 237,134 : 420,203 : 833e ==== : 4.22% : ====== : 1,712e
J. : : 237,767 : 429,597 : 839 : 263.0 : 4.23% : 440,136 : 1,729 : 4.71% : 2.061
Jl : : 236,332 : 422,248 : 843e ==== : 4.28% : ====== : 1,760e
A. : : 232,241 : 405,058 : 847e ==== : 4.38% : ====== : 1,785e
S. : : 229,767 : 399,019 : 851 : 225.0 : 4.44% : 425,259 : 1,818 : 5.13% : 2.136
O : : 236,849 : 418,778 : 854e ====
N : : 229,379 : 417,279 : 857e ====
D : : 229,767 : 399,019 : 859 :
==================

DEMAND up, Supply down:
<b>Stock shortage drives up yields</b>
The amount of available rental stock has fallen by 14.5% since June and is now 38% lower than the peak it reached in May 2009. This shortage has led to the increase in asking prices and pushed average rental yields up to 4.69% - their highest level since October 2008.
<b>A landlord’s market?</b>
In tandem with falling stock levels, the time properties remain on the market is also decreasing indicating that demand remains high and is therefore a good market for those looking to let a property. The average rental property remains on the market for 49 days which is the second shortest length of time since the index started in January 2008.
- Sept.2010 comment

/ see archive: http://www.findaprop...ntal-index.aspx
/ background : http://www.findaprop...ndex-video.aspx
/ Rightmove-- :
/ GPC data -- :

[DrBubb]

My quick perusal of the following data suggests that rentals simply LAG behind price changes.
What's the common wisdom on this relationship ?

Also, the rental "count" - which is a measure of available supply has been diminishing, which may be a sign that the pressure for higher rents is continuing. At the moment, this indicator does not point towards falling rents in the UK.

WE DISCUSSED this on another thread (the Bull thread) on Main, and here were some comments from that thread:

(1)

(2)

(3)

[DrBubb]

No April Fool's joke...

fitkid, on 01 April 2011 - 02:33 PM, said:

TODAY IS THE DAY THE REAL BTL SQUEEZE BEGINS.(Not an april fool joke)



http://www.bbc.co.uk/news/uk-12674409

Housing benefit changes: Who will be affected?

Thousands of families (AND BTL'S) across the UK will be affected by changes to housing benefit due to come into force this week - part of the biggest shake-up of the welfare system for decades.

Ministers argue the new measures, amounting to £2.4bn in savings, are necessary, not only to tackle the rising cost of benefits and the budget deficit, but also to create a fairer system for taxpayers and to provide greater incentives for people to work.

They say expenditure on housing benefit in cash terms has increased significantly from £11.2bn in 1997/1998 to £20bn in 2009/10, and without reform they predict it will reach £24.7bn by 2014/15.


http://www.direct.go...sroom/DG_192415


Who is affected?

If you are making a new claim for Housing Benefit, these changes will apply to you from this 1 April 2011.

If you are already claiming Housing Benefit, the changes are likely to affect the amount of money you get towards your rent. If you are already claiming Housing Benefit, you may have more time before these changes apply to you.

If your circumstances don’t change, you will continue to get the same rate of Local Housing Allowance as you get now. This will continue for nine months after your local authority next assess your Housing Benefit, after 1 April. The information here will help you work out how the changes will affect you, or you can contact your local authority.

PECENTILE RATES FOR ALL ENGLISH LOCAL AUTHORITIES FOR MARCH 2011 ARE LISTED HERE.........
http://www.voa.gov.u...s_Mar_2011.html

[DrBubb]

London’s rent continues to edge upward
.
Thursday 1st September 2011

STRONG demand and weak supply continues to hike up London rents, with many young people struggling to get a step onto the property ladder.

“Rental growth in London and the south has outperformed the rest of the country, though all regions have seen a pickup in rents,” the Royal Institution of Chartered Surveyors (RICS) said yesterday.

In the three months to July, a positive balance of 34 per cent of surveyors reported higher rental costs across the UK – a slightly slower rate of growth than in the three months to April (+42 per cent).

“Surveyors are once again highlighting the shift of would-be first time buyers into the rental market as they struggle to access mortgage finance,” the report said.

In London, the positive balance of respondents reporting higher rents was closer to 50 per cent – the highest of all regions in the UK.

Across the UK, 25 per cent more chartered surveyors reported a rise in demand than a fall.

“The inevitable outcome is that rents will continue to increase,” warned RICS spokesperson James Scott-Lee.

“Our research shows that on average there are more than seven people searching for every room that comes onto the rental market,” added Matt Hutchinson for the website Spare Room.

“And in desirable areas where rooms in flat and house shares are snapped up almost as soon as they appear online, landlords can charge a premium.”

One in eight people living in shared accommodation is over the age of 40, according to the website, suggesting that more mature adults are being forced into living as housemates.

The group’s research also showed that one in 10 people in shared accommodation have given up hope of ever being able to afford their own property.

The economic squeeze is also reflected in RICS’s figures. The group revealed yesterday that more people are seeking government assistance.

“Social lettings are now at their highest level since the series began in 1999, at 13 per cent of all new lets, up from eight per cent,” RICS said in the research.

/see: http://www.cityam.co...ues-edge-upward

[tinecu]

Here's a good source of rental prices across the UK:

http://www.home.co.u...nts_by_town.htm

e.g. http://www.home.co.u...location=london

would be better if these pages included YoY change and charts