Slow rise in rents Central Housing Group

Slow rise in rents with the notable exception of London

The latest figures produced by Countrywide show a slow rise in rents across most of the country with the notable exception of London.

The average cost of a new let in Great Britain rose to £964 pcm in July according to the figures, branded from Countrywide’s high-end agency Hamptons International but referring to the wider mainstream rental market.

However, the pace of annual rental growth across Britain as a whole continued to slow and is now just 0.2 per cent.

Wales saw the highest rental growth with rents up 4.9 per cent year-on-year, followed by the Midlands on 2.4 per cent and the South West and North both recording a 0.9 per cent rise.

Meanwhile average rents in London fell for the second consecutive month, down 1.6 per cent year-on-year. Inner London experienced the greatest fall, with rents decreasing for the third consecutive month and down 1.7 per cent on an annual basis.

Blog Post from Letting Agent Today

See details of our Guaranteed Rent Scheme here

If you have any comments, please email the author of this article and click on the link above

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors



Registered Office: Woodgate Studios, 2-8 Games Road, Cockfosters, Hertfordshire, EN4 9HN | Registered in England and Wales | Registered Company No. 3961047 | VAT Registration No. 752 6015 48

 

Social Media Auto Publish Powered By : XYZScripts.com
Google Rating
4.8
Based on 116 reviews
js_loader