Average rents across the UK have risen for the fourth time in as many months according to the HomeLet index.
Typical rent is now £992 per month – and when London is excluded, it’s £847.
Nine of the 12 regions monitored by HomeLet show a monthly rise – the largest is in Northern Ireland, up 2.9 per cent between the end of February and the end of March.
However, rents in London continue to fall year on year, showing a two per cent drop between March 2020 and March 2021.
Commenting on the latest data, Andy Halstead, HomeLet and Let Alliance chief executive, says: ”Property professionals know that the private rented sector works best when there’s balance. Ultimately landlords want good tenants, and tenants want a quality property at an affordable price.
“With almost one in five people living in the private rented sector, it’s fitting that the government should
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