Average rents fall in October

November 20, 2015

Rents reached an all time high in September of £816 a month across England and Wales, October saw a small reduction down to £806 a month, just a dip of 1.2%, however rents are still 4.7% higher than a year ago, this is according to Your Move estate agents.

Despite the slowdown in rent rises in England and Wales in October, 4 out of 10 regions saw rents increase.

Adrian Gill, director of Your Move, reportedly said: “The very peak of the lettings season has now passed – which means better deals are possible for tenants looking to rent later in the autumn.

“However, there has been no huge change in the fundamentals pushing rents higher than in previous years. The fact remains that the private rented sector is growing rapidly, driven by demand – and new properties coming onto the rental market are letting like hot cakes.”

 

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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