Barbon CEO, Martin Totty, has been featuring regularly in the media over the past few weeks, which has again been down to the results from our most recent Rental Indexes.
In the past few weeks, Martin’s been on BBC Breakfast and also on BBC News London and BBC Radio London Drivetime, talking about the news that London’s rental prices are now double the national average – a statistic taken from the HomeLet Rental Index.
Interest in our Rental Index is higher than ever, due to the growth in the private rented sector. The sector, according to the English Housing Association’s Annual Report 2012-13, has overtaken the social rented sector to become the second largest tenure in England. As more and more people begin to live in privately rented accommodation, the significance of HomeLet's Rental Index grows.
Graph showing the variation between average rental values in Greater London and the rest of the UK
We also saw coverage of this across a huge number of national, regional and specialist publications, some of which you can read here:
About the Rental Index...
The HomeLet Rental Index gives comprehensive and up to date industry statistics on new tenancies in the UK, taken from live data gathered from around 350,000 prospective tenants a year.
This is similar to the way others, such as Halifax, report on current trends in house prices - and gives the most relevant insight into changes in the Private Rented Sector.
In contrast, other sources collate data purely on managed rental properties, which doesn't give a ‘live’ view of changes in the market, as many of these rental prices could have been agreed up to 2 years ago.
You can find out more about the latest data by visiting our Rental Index page: homelet.co.uk/homelet-rental-index
*HomeLet is part of the Barbon Insurance Group