Graph Of the Week: From Our New Rental Index
We’re all abuzz here at FindaProperty.com thanks to the launch of our new FindaProperty.com: Rental Index.
It’s the first comprehensive measure of rental asking prices available and has been prepared using a methodology devised by top housing market statisticians Calnea Analytics – they produce the official Land Registry index, so this, we’re happy to say, is a report you can really trust.
The graph powerfully demonstrates the relationship between supply and rents – as the first rises and rises, the second heads south.
Over the past six months the number of rental properties advertised on FindaProperty.com has almost doubled (up 43% between September 2008 and February 2009). Over the past month stock levels have risen by 8%. Rents, as a consequence, have fallen.
Check out the full FindaProperty.com: Rental Index in all its technicolour glory.
What’s happening to rents in your area? We’d love to hear from you.
Tags: FindaProperty.com: Rental Index, graph of the week
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Posted by 2 comments on “Graph Of the Week: From Our New Rental Index”
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Your rental index is very good and I will use it in a future blog post.
Since Paragon stopped doing their one, it could be very useful and may even become very widely used.
Personally, I’m about to review rents on some of my London properties and it is good to see from your index that they are still going up in the “affordable areas”.
Too many PRs on this subject from the up market letting agencies only look at the situation on prime properties (where rents are down) – and this gets misquoted by the press as being the situation in all London, which I know from experience is patently not the case.
David Lawrenson.
The UK’s leading buy to let author, speaker and commentator
http://www.lettingfocus.com
Good stuff, underlines Findaproperty’s authority..