Average Rents Down Month On Month In October

Rental growth continues to slow across Great Britain, driven by the South of England with average rents up by just 1% nationally year on year and falling month on month, the latest index shows. This was the slowest increase in October since 2010, meaning that the second half of the year has seen the market swing in favour of tenants with an average rent of £947, according to the index from Countrywide, down 1.7% month on month. Indeed, month on month rents are down across the country apart from central London which saw a slight rise of 0.3%, taking the average rent to £2,475 a month. The biggest month on month fall was in the South East with rents down 4% to £1,150, followed by the North with a fall of 2.6% to £674. Read more on Property Wire.