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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 is the Operations Director at Assetgrove Lettings, London's Leading Rent Guarantee Company, providing Landlords with no voids, property maintenance, fee-free property management and stress-free service.

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