RENTAL growth was relatively subdued in March as the start of year rush for Private rented Sector (PRS) homes slowed somewhat, according to the latest rental index from Your Move and Reeds Rains. However, yearon-year, prices continue to climb, representing real positivity in the market for landlords.
Data from the companies shows that in March, the average rental price across the nation climbed to some £791 per calendar month. However, despite a slight stalling in prices, the data for annual growth shows that the market is still heading in the right direction.
Adrian Gill, director of lettings agents Your Move and Reeds Rains, said that moving forward, prices are only likely to increase as well, as new tax changes make the cost of investing in rental property ever higher for landlords.