Our colleagues at LSL Property Services produce a report taken from the latest Buy to Let Index Report for England and Wales. The following is a brief summary of the report together with a link to the full version which includes a more detailed analysis.
- Small fall in London rents
- South West of England see rents rise fastest
- Landlords in northern areas enjoy highest yields
- Fewer tenants in finaicial trouble
The London rental market has continued to cool, with prices falling by 0.5% in the last 12 months, according to the Your Move Rental Tracker. While the capital remains the most expensive place to rent in England and Wales, recent price increases appear to have reached a plateau.
Other regions continue to perform well, with the South West enjoying the strongest rental growth. Across all regions, the average seasonally adjusted monthly rent now stands at £861. On a non-seasonally adjusted basis, the average property lets for £830 per month.
To see a full copy of the report please click here