UK rents increased by 0.7% month on month in October to
£1,294, showing no signs of the seasonal slowdown that normally hits the UK
rental market in the autumn, according to the latest Landbay Rental index. Rents
increased across most of the county with the only exception being Scotland
which saw a marginal monthly fall of 0.1% to £696, data from the Index show. The
report suggests that the latest rises indicate that the UK’s housing shortage
combined with growing pay for many and unemployment levels hitting their lowest
level since 2008 have put an end, at least for the time being, to the usual
seasonal fall in rents that starts in the autumn. Download the report from the
Landbay website.
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