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Tuesday, December 16, 2014

Rents keep moving upwards

Property Hawks sister website the Rent Index is sparking interest across the pond in New York from researchers at Morgan Stanley looking at what UK private rental sector rents are telling us about the health of the UK economy.

Rent Index unlike other indexes of rents is a real time index meaning that landlords and property professional can see what the average private sector rent is at that particular moment using actual rental figures from the tenancy agreement used to create a tenancy created a recently as the previous day.

The Rentindex currently shows that private sector rents continue the long-term trend upwards having peaked at just short of £650 in October time they have fallen back slightly reflecting the usual Winter slowdown in the rental market.  At the time of writing the average rent was £647 up 2.5% on the year.

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