Average UK Rental Costs Increase Again

For the tenth consecutive month, the cost of renting in the UK has risen, highlighting the stength of the rental property market for landlords and letting agents.

The LSL group, which includes Your Move and Reeds Rains, reports that the average UK rent now stands at £692 per month.

This creates a strong, stable investment for landlords and additional revenue to the letting agents who provide them with both tenant find and property management services.

However, the trend in rent increases has steadied in a number of areas, state LSL. Letting agency branches in the East of England and the East Midlands reported falls of 3.1% and 2.4% in November, whilst rents decreased by 1.9% in the South-East and by 0.6% in the North-West.
 
The marginal monthly national gain was largely driven by rents increasing by 1.8% in London, where they hit £992 per month, representing an increase of 9.2% in the last year.

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