Rental Market Has Strong Start to 2017
• Average rent in England and Wales was £798 in January
• Region with fastest rising rents over the year was East of England
• London properties continue to attract highest rents
Rents grew in all-but-one region in the year to January 2017 as landlords enjoyed a good start to the year, the Your Move England & Wales Buy to Let Index found.
Across the whole of England and Wales rents increased by 1% in the last 12 months, despite dropping back slightly between December and January. The average property let for £798 in the first month of 2017. This compares to a figure of £790 at the same point a year ago.
The East of England was home to the fastest rising rents in the last year. Other areas to see strong growth included Wales and the East Midlands.
The South West was the only area to see a fall in rents in the last year.
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