Morning all,You may recall that last year I ran my eyes over the statistical differences in the average rents across the UK and in particular my interest was naturally drawn to the South East to see how we stack up against the rest. Well, fast forwarding to the latest annual figures from the Homelet Rental price index I found as follows:
HomeLet
data shows that on average, rental prices are 7.0% higher in the South
East compared with a 4.2% rise from the year previous.
Once again nine out
of 12 UK regions have recorded higher rental prices in December 2015 compared
to the same month last year, and in the 3 months to December 2015 the UK (minus London) showed a 5% increase in average rents compared with a 0.6 per cent decrease in UK
average rental prices since October 2014.
Regions
that have experienced the highest growth compared to this time last year
include us and Greater London, with rental prices 7% and 8% respectively on the year previous. Not surprisingly we saw the biggest upturn across the UK during the spring and summer periods.
The increase in average rental prices in Oxford in hardly surprising given the very well documented supply and demand issue, which is very good news for Oxford landlords, and giving consideration to Oxford's continued popularity in addition to the continued development of the city centre and surrounding areas I am sticking my neck out for an even better 2016.
(Naturally if I am wrong I am hoping that people will forget they ever read this)!
(Naturally if I am wrong I am hoping that people will forget they ever read this)!
Best
regards
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