January 2020 local lettings market snapshots
We ensure up-to-the-minute rental advice for our landlords based on our most current rental agreements, we also monitor national, city and our local rental market trends closely.
Scroll down to find your local Bristol area market snapshot.
Here's our National update first -The rate of annual rental growth across the UK remained unchanged in December at 1.4% (ONS). A shortage of supply and continued demand continues to underpin prices. Hometrack report a 4% reduction in rental supply across the UK since 2017, while demand has increased 8% over 2019.
York, Bristol, Nottingham are the current top three cities for rental growth according to the latest rental index produced by Hometrack. Rental values have increased by over 5% year-on-year. At 2.8% rents are rising at their highest level for almost four years across the capital, which has seen a 19% reduction in available supply over the past two years.
New Electrical Safety Standards in the Private Rented Sector come into force later this year. The regulations will apply to new tenancies from 1st July 2020 and existing tenancies from 1st April 2021. Landlords must ensure all electrical installations are inspected and tested by a qualified person every five years, and provide a report back to the tenant of the inspection within 28 days.
January local area market snapshots -
If your BS post code area is not listed below get in touch, we will produce a report for you! email firstname.lastname@example.org
Clifton - click here
Redland, Cotham - click here
City Centre - click here
Southville - click here
Bishopston - click here
Downend - click here
Bradley Stoke - click here
Portishead - click here
Mon 27 Jan 2020