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Saturday, October 15, 2016

Rental growth slows as supply increases

The rate of rental growth has slowed as more supply has entered the market according to the Landlord Insurance company Homelet which indicates that new tenants pay an average of £910 per month, up 3% on last year.

The average monthly rent in London is now £1,555.

Rentindex the real time monitor of rents indicates the average rent is now at over £680 surging 4% over the last 6 months and up 3.6% over the year.

Lies lies and rental statistics but in essence rents are still continuing there very gentle increase over the long-term but they are no way rocketing up in most of the UK in the way that many London MPs and tenants rights activists may try and suggest.

Rentindex - real time rents

1 comment:

Anonymous said...

In the Black Country area, due West of Birmingham rents have moved as follows:

1 bed flat built in 2004
2004 rent £425/mth,
2016 rent £450/mth.

2 bed flat built in 2004
2004 rent £475/mth,
2016 rent £485/mth.