As 2019 draws to a close, we look ahead to the next 12 months in the private rental sector. While Brexit remains a concern, albeit on the back burner, it is the general election and the full effects of a number of new lettings laws that will shape 2020. Here are Klippa Relocation’s predictions.

Rents will keep rising

A number of long-term rental forecasts can now be assessed for accuracy. In 2013, the National Housing Federation said rents would be 46% higher in 2020 but this hasn’t happened. In fact, data from Statista shows England’s average weekly rent in 2013/2014 was £176 and it stands at approximately £241 per week in 2019. Modest rises are also reflected in the latest figures from HomeLet, which reveal the average rent across the UK has risen by 2.7% in the last 12 months.

The UK property market is changing all the time and the lettings sector is especially vulnerable to fluctuations, with a current prevailing trend for rent rises.

Although ongoing political wrangles have prevented an actual date being set, political parties are gearing up for a General Election by making bold claims and persuasive promises. Working hours has become a new battle ground in the race to win voters and Labour announced its support for a 32 hour working week, with designs on ‘re-balancing with a greater quality of life’ in mind.

It’s understandable that any new Prime Minister should want to put their stamp on their Government and Boris Johnson has proved no different. The new leader used his first address to the House of Commons to tackle the issue of immigration – an especially pertinent point as we hurtle headlong towards Halloween / January /  who knows when.. And our EU departure.

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