Average rents ended 2016 higher than they started it says Your Move
The latest Your Move England and Wales January 2017 Buy to Let Index report found that despite a turbulent year average rents ended 2016 higher than they started it. The average property was let for £811 a month in December, compared to the average rent in January 2016 which stood at £790.
Across England and Wales prices were up 2.2% annually, the East of England saw fastest rent rises in last year closely followed by the South East.
Valerie Bannister, Lettings Director, Your Move, comments: “The rental market in England and Wales has ended the year strongly, with all key indicators looking positive.
“Rents ended the year higher than they started in most areas, yet tenant arrears have remained broadly at the same level.
“Average yields have remained stable across the country, with some regions continuing to offer well above average returns to investors.”
Read the Your Move January 2017 Buy to Let Index report in full click here.