Homelet Rental Index (MAY) reveals rents continue to rise.
June 8, 2016
The May 2016 HomeLet Rental Index reveals that rents continue to rise in almost every area of the country, with 11 out of the 12 regions surveyed seeing an increase over the three months to the end of May, however the pace of rent rises is now beginning to moderate, particularly compared to a year ago.
Rents continue to rise over three months to May 2016 though increases slow more in line with house price growth.
Average rent in the UK (excluding Greater London) is now £771 per month, 4.4% higher than a year ago; average rent in London now £1,563, up 6.2%
Scotland leads the way with rents rising faster than in any other part of the country.
Read the Homelet Rental Index in full for May 2016 click here
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