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Monday, August 11, 2014

Rents still rising - just

Rents are rising....but only just according to the latest data from the Rentindex. The real time rent tracking website shows that the average monthly rent for private landlords now stands at £628.50.
This represents a rise of 2.7% over the last 3 months. However, this is barely up at all over the last 12 months. Rents are now just 0.6% up over the year, certainly not enough to keep track with current levels of inflation.

We have spoken before about the great rent increase myth.

More landlords and more rental property could mean downward pressure on real rents, even with the rise of generation rent.

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