2021
The rental market in England has seen a period of relative stability in March 2021, according to the Goodlord Rental Price Index. The average rent price in England remained at £1,090 in March 2021, which is the same as it was in February 2021. This is a positive sign for the rental market, as it indicates that rents are not increasing at a rapid rate.
The Goodlord Rental Price Index tracks the average rent prices in England each month. The index is based on data from over 10,000 rental properties across England. The index is used to measure the overall health of the rental market and to provide insight into how prices are changing.
The stability of rent prices in March 2021 is a welcome sign for both landlords and tenants. For landlords, it means that they can continue to receive a steady income from their rental properties without having to worry about sudden increases in rent. For tenants, it means that they can continue to afford their rent without having to worry about sudden increases in prices.
The stability of rent prices in March 2021 is likely due to the fact that the UK government has put in place a number of measures to protect tenants from eviction during the pandemic. These measures have helped to ensure that tenants are able to remain in their homes and have given landlords some peace of mind that their rental income will remain stable.
It is important to note that the Goodlord Rental Price Index does not take into account any changes in rental prices due to inflation or other factors. Therefore, it is possible that rent prices could increase in the future if inflation rises or if other factors come into play.
Overall, the Goodlord Rental Price Index shows that average rent prices in England remain stable at £1,090 in March 2021. This is a positive sign for both landlords and tenants, as it indicates that rents are not increasing at a rapid rate. It is important to remember, however, that rent prices could still increase in the future due to inflation or other factors.