Home Blog London Property News Landlords push rental charges up 10%
Landlords push rental charges up 10%
Average annual rents across the UK have risen in 11 out of 12 regions over the past 12 months.
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:
