Monday, 23 November 2015

UK Rents Not Showing Signs Of Seasonal Slowdown

UK rents increased by 0.7% month on month in October to £1,294, showing no signs of the seasonal slowdown that normally hits the UK rental market in the autumn, according to the latest Landbay Rental index. Rents increased across most of the county with the only exception being Scotland which saw a marginal monthly fall of 0.1% to £696, data from the Index show. The report suggests that the latest rises indicate that the UK’s housing shortage combined with growing pay for many and unemployment levels hitting their lowest level since 2008 have put an end, at least for the time being, to the usual seasonal fall in rents that starts in the autumn. Download the report from the Landbay website.

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