Seasonal rent drop over

The seasonal fall off in rents has almost come to an end according to the figures from the Rentindex.

The Rentindex unlike any other UK rental index tracks actual rents in real time. Using details from over 5,500 landlords over the last 90 days it shows that average rents have nudged up just over 0.5% taking the average to marginally below £600 pcm. The latest graph indicates that the seasonal fall of in rents has been less dramatic and has been shorter than in recent years where rents have generally started recovering in March/April. This all bodes well for continued rental increases into 2012. Will we top the peak in rents of £615 achieved in October? We think that if past trends continue average rents could top £625 by October 2012. Good news indeed!

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