The latest HomeLet market index shows that the average rent in the UK is now at a record high of £996 per month.
It’s the fifth month in a row that the average rent has risen.
Even when high-priced London is excluded the average rent in the UK is now £853, showing an increase of 0.7 per cent on last month, and an increase of 6.2 per cent on last year.
Nine of the 12 regions monitored by HomeLet showed a month-on-month increase between March and April 2021, with the North East seeing the largest increase of 2.4 per cent.
Eleven of the 12 regions monitored by HomeLet showed a year-on-year increase with the South West seeing the largest increase at 8.6 per cent.
However, rents in London continue to fall, showing a 5.3 per cent annual drop - it’s the 11th month in a row that the annual figure has fallen.
Commenting on the latest data, Andy Halstead - HomeLet & Let Alliance chief exec - says: "We’re continuing to see a sustained demand for let property; against a backdrop of reduced stock, with landlords facing increased costs and growing concerns about legislative changes.
“As we gradually ease from protective measures, the stark reality is that we’re fast approaching a summer where rental prices could accelerate at a rate never seen before.”
Want to comment on this story? If so...if any post is considered to victimise, harass, degrade or intimidate an individual or group of individuals on any basis, then the post may be deleted and the individual immediately banned from posting in future.