Key points -
- Average rent across England and Wales - £798
- Fastest rises in Wales.
- London rents falling ( £1280 average monthly rent)
Valerie Bannister from Your Move, comments - “The dramatic rent increases in London have now slowed as people look outside the capital in order to meet their housing aspirations with the South East and East of England – which traditionally offered much better value than the capital – appearing to be tempting many Londoners to look further afield for rental properties. Wales also saw the strongest outright performance with rents increasing, on average, by 7.7% in the last year, more than anywhere else in the UK.”