RENTS ARE AT THEIR HIGHEST LEVELS IN 2016
- 24 May
Rental Markets in the East Midlands, West Midlands and East of England have become higher than ever
Average rents for homes to let across England and Wales have now reached £793 per month as of April 2016.
Rents in the East of England have seen a new all-time record of £848 in April, up 6.2% from last April; average rents in the West Midlands are also going over the £600 per month barrier.
On a month-on-month basis, this represents an increase of 0.3% or the fastest monthly rise since September 2015, according to the latest Buy-to-Let Index fromYour Move and Reed Rains and reports by 24 Dash.
This means 2.4% higher than at this same time last year; an extra £19 every month for the average tenant.
24 Dash reports what Adrian Gill, director of lettings agents Your Move and Reed Rains said:
"Anyone looking for a home to rent may now find the better deals of the winter months are over."
"Landlords are seeing renewed interest and completion between potential tenants as the spring rental market accelerates."
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