Rental market continues to rise – Commercial Trust Ltd

Published: Wednesday 07 April, 2021By: Commercial Trust

The latest rental data show that March’s rental income remains consistent, providing landlords with reassurance into 2021.;

The latest rental index, from lettings platform Goodlord, show that March’s rental income remains consistent, providing landlords with reassurance into 2021.

Average tenant incomes

Tenants in most regions benefitted from average income increases, the biggest hike in this was seen in the North West, where tenants incomes increased by 12% on average.

Other areas that saw increases in average tenant incomes were the East Midlands, Greater London, North East and South West.

Some areas did see marginal decreases, with the South East’s average tenant income dropping by 0.5%, and the West Midlands seeing a drop of 6%.

An increase in tenant incomes across the UK is good news for landlords. This new data shows that the average salary of a tenant in England now stands at £24,817.

Rental increase

Alongside an increase in tenant incomes,

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