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.
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