Average new rents continue to rise ahead of fees ban
Tuesday 14th May 2019
The average new rental price is still rising, ahead of the imminent tenant fees ban.
Referencing firm HomeLet says that last month the average new rent across the UK was £936, up 2% on April last year.
When London is excluded, the average newly agreed rent is now £775, up 1.8% on last year.
In London, the average new rent is now £1,617, up 1.8%.
Average rents have risen most in the south-east, up by 3.2%.
Of the 12 regions monitored by HomeLet, all show rises in newly agreed rents apart from the north-east, where there has been a 1.1% annual decrease.