Rent Prices Continue To Slow

The latest figures from the HomeLet Rental Index reveal that rents on new tenancies agreed over the three months to November fell in most areas of the country. The report suggests that nine in 10 landlords do not intend to raise rents on their existing tenancies during the first six months of 2016. The Index reveals that in 10 out of 12 UK regions, rents on new tenancies remained flat or fell slightly over the three months to November 2015 compared to the three months to October. Across the country as a whole (excluding London), the average rent on a tenancy signed during the three months to November was £743 a month, 0.7% down on the previous three-month period. In Greater London, the average rent was £1,544, down 1%. Read more on the HomeLet website.