Rent prices go up again but rises are slower

first_img Express KCS whatsapp Sunday 13 September 2015 11:23 pm whatsapp Rent prices go up again but rises are slower center_img Share Show Comments ▼ RENTS are still rising at double-figure rates on an annual basis, and are now 10.5 per cent higher than a year ago, according to the latest HomeLet rental index, out today. The average rent on a new tenancy in Greater London reached £1,558 per month during the three months to August, up from £1,440 in the three months to August 2014.However, the data also reveals that rent price rises slowed in every region of the UK over the three months to August, and in some areas retracted over the period compared to the previous three months. This trend was “particularly marked in areas where rents have been rising exceptionally quickly this year, notably the south east of England and East Anglia”, HomeLet said.“Broadly we are continuing to see a robust rental market with rent prices continuing to rise. This picture is consistent right across the UK with only one or two exceptions,” said Martin Totty, boss of Barbon Insurance Group, which owns HomeLet. Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapWatch President Biden Do Battle With a Cicada: ‘It Got Me’ (Video)The WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wraplast_img read more