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Regional / national rent rises on existing lets
General Discussion

Jacks
Jacks
95 Thanks
492 Posts
4 months ago
0

Amongst the many factors the ONS stats on PRS rent rises is one. These must include a combination of new lettings and renewals/ continuations.

 

So how do you interpret for existing? The best I can come up with is introducing  the average stay of 4.2 years (fact)  (say 4) and guessing a rise of 15 pc on new lets. Also the region in my case London had a 6.8 pc rise (fact).

Each year 1 letting is new and 4 are renewed. The new let has a 15pc rent rise  and  so there is a 4.75 pc on existing.

Better days would be helpful.

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