Rental Growth Sustained Across UK During August

Rents across the UK continued to rise during August, with this year’s trend of modest inflation continuing. Tenants signing up to a new tenancy during August agreed to pay an average rent of £913 a month, a 3.1 per cent increase on the same month of 2015. The pace of rent rises, while sustainable, is moderating. The 3.1 per cent recorded in August is comparable to annual increases of between 3.5 and 3.8 per cent over the previous four months. By contrast, annual rental inflation was running at close to 6 per cent this time last year.

·         Rents rose at a modest pace during August, up by an average of 3.1 per cent year-on-year, across the UK as a whole

·         Average rent in the UK now stands at £913 a month, compared to £885 per month in August 2015

Read more on the Homelet website.