Average UK rent hits record high for third consecutive month – Property Reporter

“We can expect the increase in rents to continue for the foreseeable future, with many regions now seeing unprecedented demand for housing stock and landlords.”

The average UK rent price has hit a record high for the third month in a row, according to the latest data from HomeLet.

The average rent in the UK has risen to £1,053, up 6.9% on the same time last year, and up 2.3% from the previous month’s figures.

There are signs of recovery in London, which sees another price rise after a year of decline, with an annual variance increase of 3.6% to £1,713pcm. The monthly rise of 4.1% is steeper than any other area of the country.

Excluding London, the average UK rent price is up to £892pcm, up 8.1% year-on-year.

Wales has seen the highest annual rise. The average rent is now 12.8% higher

Continue reading this atricle at https://www.propertyreporter.co.uk/finance/average-uk-rent-hits-record-high-for-third-consecutive-mon.html