New rents rose 2.4% across the UK in August on an annual basis.
It was the highest rate of annual inflation since last November.
The average monthly rent now stands at £939 – although when London is excluded, it is £776.
In London itself rents rose 2.5% on August last year following three successive months of decline. The average monthly rent in the capital is now £1,609.
The figures are from tenancy referencing firm HomeLet. They come as inflation climbs in the UK, with increasing question marks over the affordability of housing both to rent and buy.
| Region | Average rent in August 2017 | Average rent in July 2017 | Average rent in August 2016 | Monthly variation | Annual variation |
| South West | £838 | £823 | £805 | 1.8 % | 3.9 % |
| Northern Ireland | £634 | £625 | £610 | 1.4 % | 3.7 % |
| West Midlands | £693 | £680 | £670 | 1.9 % | 3.3 % |
| East Midlands | £617 | £620 | £597 | -0.5 % | 3.2 % |
| North East | £538 | £526 | £524 | 2.3 % | 2.7 % |
| East of England | £926 | £919 | £901 | 0.7 % | 2.6 % |
| North West | £703 | £698 | £685 | 0.8 % | 2.6 % |
| Greater London | £1,609 | £1,564 | £1,569 | 2.9 % | 2.5 % |
| Scotland | £629 | £630 | £616 | -0.1 % | 2.0 % |
| Wales | £626 | £613 | £615 | 2.1 % | 1.8 % |
| Yorkshire & Humberside | £630 | £625 | £621 | 0.8 % | 1.5 % |
| South East | £1,028 | £1,025 | £1,030 | 0.3 % | -0.2 % |
| UK | £939 | £925 | £916 | 1.5 % | 2.4 % |
| UK excluding Greater London | £776 | £769 | £759 | 0.9 % | 2.3 % |
| Notes:
|
Based on new tenancies in August 2017 | Based on new tenancies in July 2017 | Based on new tenancies in August 2016 | Comparison of average rent in August 2017 and July 2017 | Comparison of average rent in August 2017 and August 2016 |
Don’t suppose it’s anything to do with supply falling because Government policy makes landlords feel like enemies of the state then?
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You only need to look around. Where there were once “to let” and “let by” agents boards there are now “for Sale” and “Sold By” boards. Incentives by George Osbourne.
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