London Rents Exceed £1,500pm for First Time

New findings from the HomeLet Rental Index show that rent prices in every region of the UK are now rising, an occurrence only seen twice previously in the history of the Index; once in October 2014 and once in December 2010. The Index also reveals that the pace of growth in London has picked up again, after a period of slower growth, with average rents agreed on new tenancies in May 2015 exceeding £1,500 per month for the first time. The figures show strong growth in rent prices across the UK since this time last year, with all 12 regions recording price rises compared to the same period a year ago. Read more on the HomeLet website.