28 Feb

Rents on the rise in England and Wales

Rents on the rise in England and Wales

Landlords have seen a rise in rental prices over the past 12 months across England and Wales.

All but one region have seen the average rent rise during 2016, according to the Your Move buy-to-let index.

The annual growth of more than one per cent was seen as an average across England and Wales, but there was significantly regional differences.

In the East of England, average rents increased to £870 - 6.9 per cent higher than at the same point in the previous year. The same region as also seen a strong start to the year, with a 0.7 per cent rise between December 2016 and January 2017 - this positive increase was seen across the country as a whole.

“The start of a new year brought renewed confidence for the rental market in England and Wales. Rents in nearly every region surveyed have increased compared to the same point last year,” said Valerie Bannister, lettings director of Your Move.

The only region not to see an increase in rental prices was the South West, where there was a 1.6 per cent fall in rent levels over the 12-month period.ADNFCR-1222-ID-801832949-ADNFCR

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