Sustained demand sees regional rents climb 4%
Strong tenant demand has seen average UK rents outside the capital soaring to £997, up by 4.0% on the same time last year and another record-high average price.
According to the latest data from Homelet, every region bar London saw a rise in rent prices YOY – when excluding London, the average rent in the UK is now £854, up by 6.4% on last year. In the capital, rents continued to drop YOY to £1,583, down by 0.9% on last year, the twelfth decrease in annual variance in subsequent months.
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Source: Property Reporter