London brings down rents / Countrywide

Letting agents Countrywide put UK annual rental growth at just 1.1%, at £950pcm in June. 

Countrywide's Johnny Morris comments on their figures -

“Falls in London were off-set by higher growth across the rest of the country. The fall in the capital was driven by lower rents in the outer areas of London as the ripple effect from falling rents in Central London continues”

Here's their regional breakdown of monthly rents / annual growth (June 2016 to June 2017)

• Greater London, £1,673, down 0.8%
• East of England: £931, up 2.8%
• South East England: £1,022, up 1.1%
• South West England: £786,up 4.6%
• Midlands: £665, up 2.3%
• North: £628, up 2.3%
• Scotland: £632, up 1.4%
• Wales: £645, up 0.1%

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