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  • Property Yields

    Average rent hits £830 pcm in England & Wales



    The average rental property was let for £830 a month in November according to new data - that means that average rents have risen 3.9% in the preceding year.

    On a regional basis, rents increased in nine of the 10 regions surveyed during the past 12 months with only the South West seeing a small decline in rents.

    London remains by far the most expensive place to rent a property in England and Wales, although it was the South East where rents rose faster than anywhere else in the previous year - up 13.6 per cent to £875 per month.

    The rental market in Wales is also strong with 6.2 per cent growth in the last year. Properties in Wales now attract £584 per calendar month, slightly down on the £591 recorded in October.

    The North East has also seen rents rise faster than the national average increasing by 4.2 per cent year-on-year to reach £542 although this still remains the cheapest place to rent a property in the country, slightly cheaper than Yorkshire and the Humber where rents average £564. 

    Full/source story 

    SEE ALSO  -        Blackburn tops list of BTL yield hotspots

    UP NEXT -            Rents to increase 15% by 2020 say Belvoir

    DON'T MISS -       Rents to rise faster than house prices

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    Here is the Rightmove Rental Tracker for 2016:


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