Rents Outside London Rise To £750 A Month

The average rent in the UK outside of London hit £750 a month in December, rising by 2.04% over 2016, according to the latest figures from Landbay. Private tenants outside the capital are now forking out over half (53%) of average take-home pay (put at £1,425), according to Landbay’s latest Rental Index.  Average rents across all property sizes grew by 2.13% in England (without London), 1.42% in Scotland and 1.43% in Wales in 2016, rising to £755, £721 and £634 respectively by the end of the year, it said. Together, this means the average monthly rent paid for a property in the UK outside London has hit the milestone figure of £750. Read more on Housing Excellence.