Friday, 12 August 2016

Rental Growth Continues

In a boost to landlords and buy to let investors, rents across the UK continued to rise in July, albeit at a slightly slower pace. Rents were up 2.3 per cent year on year in the three month period to the end of July according to the latest HomeLet rental index, while in London they were up 4 per cent compared to 2015. Average rents in the UK have now reached £779 per calendar month, and in London rental prices have reached £1,599 per calendar month. Despite Brexit and the tax changes imposed on the private rental sector, it seems that rental demand still remains strong and is outweighing supply as still not enough new properties are being constructed. Read more on the Residential Landlord website.

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