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New Tenancy rents continue to rise.

The HomeLet Rental Index figures  released yesterday show that rents agreed on new tenancies across the UK over the three months to the end of April have continued to grow at remarkably consistent rate.

They state:

Rents rise in all but one regions of the UK over three months to April, despite concerns about impact of higher Stamp Duty charges

Average rent in the UK (excluding Greater London) is now £764 per month – 5.1% higher than a year ago; average rent in London now £1,543, up 7.7%

Scotland and East Midlands – home of the new Premier League champions – lead the way with fastest rising rents; North West is the only region to register decline

To read the April HomeLet Rental Index in full click here

Allen Walkey

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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