Economy and real-estate – Ladybird Living

03 Nov 2023

How are elevated rental costs impacting tenant affordability and choices?

The data indicates that there has been minimal change in recent months; rents remain steep, and available rental properties are scarce. According to the "State of the Lettings Industry 2023" report from Goodlord and Vouch, 76% of tenants have encountered challenges in securing a rental property. Considering this, what emerging patterns can be observed?

04 Sep 2023

10% year-on-year increase in the average cost of rent in August 2023

The August Rental Index by Goodlord revealed that the cost of rent is up 10% year-on-year. The summer season is the busiest time with tenants continuing to face soaring prices during this season. Void periods in August continued to remain much lower than year to date averages.

25 Jul 2023

Tenants on high salaries asked to provide guarantors

Tenants on salaries of £25,000 per year or more are being asked to provide a guarantor to secure a rental property. This was according to data by Goodlord which looked at tenancies between January 2020 and June 2023. This is due to high demand, lack of supply and inflation increasing rental prices.

15 May 2023

Base rate increased to 4.5% – How will it affect property owners?

Back Base rate increased to 4.5% – How will it affect property owners? The base rate has increased from 4.25% to 4.5%. The base rate is important because it impacts mortgage interest payments for property owners. A higher base rate means that property owners must pay more to cover interest rate costs. The impact… Continue reading Base rate increased to 4.5% – How will it affect property owners?