The Landbay Rental Index is set to launch later this month, promising to offer a more advanced insight into the UK's private rented sector.
The index, commissioned by MIAC, a provider of mortgage asset analytics, will monitor rental prices and market trends across the country. This will allow buy-to-let investors to have have access to a deeper analysis of current trends.
The index intends to include a blend of local data and bedroom number analysis, giving those who are considering investing a more practical and informative guide.
Through this analysis, it will become apparent who and where is pulling the leavers in the current rental market.
The property data used in this index are all sourced by Zoopla, and 100,000 pieces of individual property data will be inputted each month.
John Goodall, co-founder and CEO of Landbay, comments: “The ability to offer new and highly developed data insights into the buy-to-let and wider property market is very exciting for us. We’re confident our partnership with MIAC will give answers to what is driving prices and trends in the private rented sector.”
Starting from September, this index will also report trends based on geographical levels, including region, county and London Borough. The report is set to be updated monthly, and will be accompanied by data concerning emerging trends, both locally and nationally.