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Landlords push rental charges up 10%

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Average annual rents across the UK have risen in 11 out of 12 regions over the past 12 months.

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Landlords in Greater London charge tenants an average of £1436 per month.

However, the rate at which rents are increasing in London is slowing down. Homelet’s Rental Index reveals that annual rental inflation in London is now 7.5% compared with 7.4% across the rest of the UK.

The index shows the average rent in Greater London was £1436 for the three months to April 2015, compared with £1336 a year ago.

Across the UK, the average rent paid on a tenancy signed during the three months to April 2015 was up 10% to £916, compared with £833 for the same period a year ago.

The only region that experienced a slight dip in average rents was Wales, where the average amount landlords charged tenants slipped 0.7% to £573 per month.

For more information click on the link below:

This is Money

Neil Jennings

Neil background is in marketing and business development and has over 20 years experience in the field. He runs Asset Grove and is involved in the marketing strategy for most of our campaigns.

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