Goodlord Rental IndexJune 2021
Monthly key figures for the private rented sector

Welcome to June's Goodlord Rental Index.

Every month, Goodlord reveals key figures for the private rented sector based on tenancies processed through our platform, including average rents, voidage periods and more.

Our latest Rental Index, which analyses over 20,000 English tenancies each month, shows that while all eyes were on the sales market ahead of the 30 June Stamp Duty deadline, the lettings market recorded a strong month with voids continuing to decrease and rents strengthening across England.

Toby Burgess-Smith
Data Analyst, Goodlord

1. Average monthly rent

In good news for landlords, rents increased in every region during June. The North East and the South West both recorded increases of over 10% (11% and 10% respectively), with all other English regions seeing a boost.

The West Midlands, the only area not to see an decrease in voids, recorded a very marginal rise in rents of 0.05%.

The average cost of rent for a property in England is now £932, an 8% increase on May’s figure of £885.

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Average monthly rent across UK regions since January 2020.

2. Average void periods

Voids dropped in nearly all regions monitored by Goodlord during June. The East Midlands, Greater London, the North East, North West, South East and South West all saw voids fall.

For the South West and North East, the month on month decrease in voids was a huge 50%. The South West moved from 18 days to just 8, and the North East dropped from 30 days (May’s highest rate) to 13 days.

All other areas enjoyed a healthy drop of at least 20% to their void periods - highlighting the exceptional high levels of tenant demand being seen across the lettings market.

The only area to see an increase in void periods was the West Midlands, where voids increased from 18 days to 23 days, after the region experienced a particularly busy May.

The average void period in England is now 16 days, down from 22 days.

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Average void periods in days across UK regions since January 2020.

3. Average tenant income

Tenants in England now earn an average of £25,647 - up slightly on May’s average of £25,429.

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Average tenant salary across UK regions since January 2020.