As the coalition Government prepares for its Emergency Budget and predictions of a significant increase in CGT gather momentum, the latest figures from Belvoir continue to show evidence of ongoing stability in the rental monthly index.
Belvoir’s Monthly Rental Index
Belvoir is one of the UK’s largest independent specialist lettings agencies, producing figures each month as a barometer of how the market is performing. Research shows that for the past year average rents nationwide have continued to average around £680 per month.
“Belvoir has 143 offices in England, Scotland, Wales and Northern Ireland and the average rents for April 2010 are once again unchanged,” confirms CEO Mike Goddard. “This shows that rents seem to have stabilized, which indicates that the market is still adjusting to difficult conditions.
Investment Landlords – Long-Term Vision Amidst CGT Concerns
“Furthermore, offices across the country are reporting persistent tenant demand for rental properties and we are quietly optimistic that this will continue to keep rents stable and may even nudge them upwards.
“I have long been of the opinion that most investment landlords are in the buy to let market for the long haul and although a few who were already planning to sell their properties may choose to do so before the rise in CGT I think that the prospect of stable rental yields will encourage most to hang onto their portfolio.”
For further information or to arrange an interview with Mike Goddard please contact Andrea McHugh,
01476 567438 / 07940 930 331, email: andrea@headlinesjournalism.co.uk
