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 Aprils rental stats so far. Read on for more details;

Rents for rooms hitting an all-time high

Rents for rooms are skyrocketing according to data from Spare Room which 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 but you have to be on point with your management. 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 especially in tourist hotspots.

Ageing Buy to Let Landlords retire

Another reason why rental prices could increase, and supply takes a hit as aging buy to let landlords sell up and retire.

April Rental Market Stats

Below are some rental stats so far for April taking the whole UK into account. If you want more specific region stats then reply to this and I will be more than happy to share with you

  • New Instructions – 42,026
  • Lets agreed – 30,318
  • Properties Let – 2,266
  • Withdrawn from market - 731

(figures taken at time of writing 18/04/2023)

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 advice or help with anything lettings, then get in contact with me and I will be more than happy to help.

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