Lettings Market Snapshot for January 2020

We bring you the latest trends in the rental market, with a detailed focus on South Hampshire.

Over the last 12 months, the average rent achieved for properties let in South Hampshire was £888 per month. This is a +4% change on the previous 12 month period.

The rate of annual rental growth across the UK remained unchanged in December at 1.4%. Value growth across London continues, average rents 1.2% higher than a year ago with growth at its strongest level in over 2 years. 

The government has announced an overhaul of the model tenancy contracts, including making it easier for responisble tenants to have a well behaved pet. At present just 7% of tenancies allow a pet, with a survey by the Property Academy finding over one third of tenants (35%) would be prepared to pay a rental premium in order to keep a pet.

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