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Tuesday, February 18, 2014

Rents widen between South and North

Homelet data shares an increasing gulf between the average rent in the south compared to the north.

Figures show rents are now 69 % more expensive in Greater London, the South East and South West compared to the rest of the UK.

This compares to a difference of 37 % back in January 2008.

"A lack of affordable housing stock in the south could be one of the drivers for the growing divide we’re seeing," said Gary Abraham, HomeLet’s Sales and Marketing Director.

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