Fresh out of the oven – the new FindaProperty.com Rental Index for July 2009 has just been delivered.

Rents rise in all regions month-on-month, except for Scotland (-0.1%) and London (-0.9%), which buck the national trend.

- London is currently behind the national trend, with rental stock still rising (+2% between June and July) and rents falling (-0.9%). This is likely to be caused by falling demand, as the London market is impacted strongly by lower employment levels and a sharp fall in the number of new graduates seeking homes to rent, and rising supply, as landlords letting to students find their properties vacated in early summer at the end of the academic year.

- A surprising 3.3% jump in flat asking prices in the London sales market this month could entice flat landlords to move across and attempt to sell in the next couple of months, which may halt the relentless increase in flat rental stock.

London boroughs – the best & worst performers, Findaproperty.com Rental Index July 2009

- In terms of boroughs, there continues to be significant volatility in rents, although more expensive boroughs for rentals seem to be faring somewhat better than the cheapest ones. The majority of the top five saw rises this month (Kensington & Chelsea, Hammersmith & Fulham, and Richmond upon Thames), while all the five cheapest boroughs (including Barking & Dagenham, Bexley and Waltham Forest) saw falling rents.

Download the full report here > FindaProperty.com Rental Index July 2009

This entry was posted on Wednesday, July 29th, 2009 at 3:18 pm and is filed under Statistics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.