top of page

Rent Rises Below Inflation

Rent continues to rise below the rate of inflation, according to a survey published by LSL Property Services. Their figures show that the annual rent in the UK rose by only £8 in the last twelve months and tenants now pay £745 per months to rent a home.

London Still Most Expensive Place to Rent

******Whoops! Looks like this is an old post that isn’t relevant any more :/ ******

******Visit the blog home page for the most up to date news. ******

London is the exception of course and rents in the capital are around twice that of rents in the cheapest part of the UK, which at the moment is the North East of England. On average, tenants in London can expect to pay £1,124 whereas tenants living in the North East only have to pay £513 per month. Interestingly, though, rent increases in London have only increased 1%, which is lower than the rest of the UK. This is significantly lower than last year when average rentals were rising at a rate of 8%.

“London is a dramatic example of how a prospering housing market can feed through to tenants,” said David Brown, commercial director of LSL Property Services.

“In absolute terms, the capital is naturally more expensive to live in than elsewhere, but the pace of change is now going in the right direction.”

Rents in Line with Wage Increases The figures are in line with annual wage increases. Figures from the Office of National Statistics show that average wages only increased by 0.7% in the first quarter of this year.

There are also signs that the housing market is slowing down once again as demand falls. This is probably due to warnings of an interest rate rise on the cards in the next two years.


Related Posts

See All

Tenant demand has continued to increase

Sourced Properties Weekly List to Your Email inbox The August sentiment survey by Royal Institution of Chartered Surveyors (RICS) gauging the mood of agents, showed improvement in the lettings market.

Property Down Valued

In a recent survey by Bankrate UK, a mortgage comparison service, questioned buyers about their prospective purchases in the last 6 months in the UK. 46% revealed they had their prospective property d

Will Cardiff House Prices Crash?

House prices in the UK are starting to fall after 8 years of stable growth. This is according to recent house price indices. At the moment prices are still fairly stable, but market fluctuations have

bottom of page