Slow rental growth in second half of 2016

Homelet's December 2016 Rental Data reports in the second half of the year they saw very slow rental growth.

Homelet put the average UK rent at £892pcm, up from £877 this time last year and an annual growth for 2016 of just 1.7%.

This rate compares to the current Retail Prices Index (RPI) measure of inflation, which includes mortgage interest payments, which currently stands at 1.8%.

So, not really living up to the 'greedy landlord' narrative pushed by certain housing campaign groups.

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