Stable rental market, with growth moving away from the capital
- Rents in London fall for fifth successive month
- Wales and the East of England show fastest growth
- Average rent across England and Wales stands at £804
- Typical yield of 4.4% in April
Stability remains the watchword in the rental market as growth continued across much of the country in April 2017, the Your Move England & Wales Buy to Let Index found.
The recent decline in London rents has continued, with other areas of the country - such as Wales and the East of England - now the places to find the biggest rent rises.
Rental market growth moves away from London
Rents in London fell for the fifth successive month with growth in the rental market now being seen in those regions away from the capital, Your Move found.
The average property in London was let for £1,273 in April 2017, 0.3% lower than last month and 1.8% down on the same point a year ago. Rents in the capital have been trending downwards since November 2016, when an average of £1,295 was records.
Yields remain strong despite market changes
Landlords and property investors continued to see their yield levels squeezed in April, Your Move found. The average yeidl across all areas of England and Wales dropped month-on-month, falling to 4.4%.
This compares to the 4.5% recorded in March and is further back from the average yield of 5% records in April 2016.
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