London rents grew on a monthly basis for the first time since November 2016 according to Your Move
The latest Buy-to-Let Index May 2017 (data) report from Your Move headlined ‘Seven UK regions see rents rise on annual basis’.
Average rent across England and Wales is £814, London rents nudge upwards but are still 5% lower than in May 2016.
Valerie Bannister, Lettings Director, Your Move, comments:
“Strong and stable was the catchphrase of the election and this was demonstrated in real terms by the rental sector.
“The majority of England and Wales saw rents increase between Theresa May’s election announcement in April and this survey being conducted in May.
“Even London, which had seen prices fall in recent months, has returned to growth. Prices in the capital grew on a monthly basis for the first time since November 2016.
“While landlords have seen yields squeezed in recent times, there are signs this could be stabilising. Returns this month were 4.4%, the same as in April.”
Read the Your Move Buy-to-Let Index June 2017 report in full click here.
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