{"id":11039,"date":"2015-03-05T12:16:42","date_gmt":"2015-03-05T12:16:42","guid":{"rendered":"http:\/\/tat.reddaisytrading.co.uk\/index.php\/2015\/03\/05\/rents-increase\/"},"modified":"2015-03-05T12:16:42","modified_gmt":"2015-03-05T12:16:42","slug":"rents-increase","status":"publish","type":"post","link":"https:\/\/www.theasiantoday.com\/index.php\/2015\/03\/05\/rents-increase\/","title":{"rendered":"Rents Increase"},"content":{"rendered":"<div id=\"content\">\n<h3>Year-on-Year Demand Outstrips Supply<\/h3>\n<p><img decoding=\"async\" hspace=\"3\" border=\"1\" vspace=\"10\" align=\"middle\" src=\"http:\/\/www.theasiantoday.com\/Image\/ArticleImages\/rents-increase-467x184.jpg\" alt=\"\"\/><br \/>&#13;<br \/>\nThe standard rent amount in the UK is now \u00a3836 per calendar month, an increase of 2% year on year.&#13;<\/p>\n<p>Data from the latest studies report from shows that one and two bedroom properties saw the biggest boost in rent up 8.5% and 3.6% to \u00a3751 and \u00a3810 respectively. <\/p>\n<p>&#13;<\/p>\n<p>While three bedroom properties recorded a 1.6% increase to \u00a3930, however, four bedroom plus properties experienced a 3% decrease to \u00a31,345 per calendar month. <\/p>\n<p>&#13;<\/p>\n<p>On a regional basis Greater London had he largest annual increase in rent, up 10.6% to \u00a31,265, followed by Wales up 6.1% to \u00a3666 and the South West up 4.1% to \u00a3765.<\/p>\n<p>&#13;<\/p>\n<p>The only region to see a decrease in rent year on year was the South East, down 4.1% to \u00a31,035 and the firm said that was due to a fall in demand for rental accommodation in the region as more tenants move out of the private rented sector and into the owner occupier sector.<\/p>\n<p>&#13;<\/p>\n<p>A breakdown of the figures shows that the average rent for newly let properties was \u00a3883, an increase of 2.8%. In this sector one and two bedroom properties saw the largest growth in rents year on year, increasing 3.3% and 1.9% respectively <\/p>\n<p>&#13;<\/p>\n<p>Renewed tenancies averaged \u00a3835 per calendar month with one bedroom properties in this sector recording the greatest annual increase in rent with a rise of 3.3%, followed by two bedroom properties up 1.9% and three bedroom properties up 1.7% to \u00a3875.  <\/p>\n<p>&#13;<\/p>\n<p>Four bedroom plus homes saw rents stay broadly the same with just a 0.2% decrease. <\/p>\n<p>&#13;<\/p>\n<p>The majority of UK regions saw an increase in rent for renewed tenancies in January 2015.\u00a0 Scotland sees the greatest increase up 5% year on year to \u00a3634, followed by Greater London, up 4.7% to \u00a31,110 and the Midlands with a 3% increase to \u00a3622.<\/p>\n<p>&#13;\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Year-on-Year Demand Outstrips Supply &#13; The standard rent amount in the UK is now \u00a3836 per calendar month, an increase of 2% year on year.&#13; Data from the latest studies report from shows that one and two bedroom properties saw the biggest boost in rent up 8.5% and 3.6% to \u00a3751 and \u00a3810 respectively. &#13; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11753,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-11039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property"],"_links":{"self":[{"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/posts\/11039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/comments?post=11039"}],"version-history":[{"count":0,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/posts\/11039\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/media\/11753"}],"wp:attachment":[{"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/media?parent=11039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/categories?post=11039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/tags?post=11039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}