Pace Of Annual Rent Rises Now Lowest Since 2014

The average asking rent across the UK - excluding London - rose by just 0.7 per cent in 2017 according to figures released this morning by Rightmove. This is a much more muted increase than the annual rises recorded in 2015 when rents rose 3.7 per cent, and in 2016 when they increased by 3.0 per cent. Over the last three years tenants have therefore seen landlords increase asking rents by 7.6 per cent - around £50 per month on the typical rent. The asking rents of new rental properties coming to market in London are rising again, leading to the first increase in the annual rate of growth since the start of 2016. Read more on the Letting Agent Today website.