Rental price inflation has slowed down, with HomeLet's latest data revealing that the average monthly rent in the UK now stands at £936, which is up 2% on the corresponding period last year.
The data, based on new lets agreed by landlords and agents using the firm’s referencing service, shows that rents are rising in line with inflation, which currently stands at 1.9%.
When London is excluded, growth, in percentage terms, was actually a lower rate of 1.8% year-on-year, with the average rent in the UK, without the capital, now stood at £775 per calendar month (pcm).
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