Rents continue to rise rapidly in every English region, Scotland and Wales according to the latest market snapshot from the respected website Home.
It says that overall, the mix-adjusted average annualised rise for the UK stands at 11.9 per cent, while rent inflation in the East Midlands stands at an eye-watering 17.8 per cent.
It says: “Mandatory licensing schemes, energy performance upgrades and rising mortgage rates will only make the situation worse for tenants, as landlords either quit or – more likely – raise rents to cope with their much-increased costs.”
The current leaders in London asking rents are the boroughs of Bexley and Hillingdon: these are up 40 per cent and 31 per cent, annually respectively.
You can see the full August report – which majors on the sales market – here.
