Both England and Wales Show Rent Increases in 2018 - Nova
downArrow

Rents per calendar month increased by an average amount of £865 in England and Wales in 2018, an increase of 1.8%. The figures are taken from the latest lettings sector tracker report by Your Move.

The South West saw rents rise faster than any other region when looking at the year as a whole. The West Midlands however show the biggest increase for month on month data.

The South West rental figure increased by 4.1% to £702 per calendar month. In the East of England the average rent has actually fallen 1.4% since December 2017 to an average per calendar month of £881. In the South East rental prices rose by 1.2% to reach £897.

Average rents in London fell year on year by 0.8% to £1263. London still of course remains the most expensive place to rent in England and Wales.

The mid-range priced rental properties in prime central London received some encouragement in activity levels following a softening of asking prices overall. Demand fell for families and corporate tenancies looking for higher end properties and this brought prices down in areas that would typically be targeting families.

Nova News

Market Update Q3 2020
Market Update Q3 2020
by Saeid Ansari
read more
Is It the End of City Centre Living?
Is It the End of City Centre Living?
by Saeid Ansari
read more
More Investors Entering the Market Following Tax Incentive
More Investors Entering the Market Following Tax Incentive
by Joseph Hegarty
read more
Property Sales Hit Record Low in April 2020
Property Sales Hit Record Low in April 2020
by Stefan Vadamootoo
read more
UK’s Post Lockdown Buy-To-Let Hotspots Revealed
UK’s Post Lockdown Buy-To-Let Hotspots Revealed
by Samuel Parry
read more
Want to be the first to know what’s going on in the world of property investment? Subscribe to our newsletter below.
The property pension plan book icon

Take Control Of Your Future With Buy To Let Investment, get The Property Pension Plan for Free!

Find Out More
Get in Touch

Book a complimentary property and/or finance consultation

back-to-top