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Thursday, March 30, 2017

Rents rocket outside of London

Your Move's rental data from February 2016 shows rents across England and Wales, are in their words, 'rocketing'. However, London rents struggled. The capital was the only region to see falls on both a monthly and yearly measure.

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.”

rents map yourmove feb 2017

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