UK advertised rental prices stable but London sees first rise for four months
London saw average advertised residential property rents increase for the first time in four months, up by 0.26% between week two and week four in April, new data shows. The average advertised rental price stands at around £2,182 per month in the capital with further improvements expected, says the report from Move with Us.
The firm says that increases in the London rental market are significant as it is a key determinant of the national average and has recently performed poorly. Average advertised rents in the UK currently stand at around £966 per month, following a 0.49% fall in April. However, the data shows that last month was the fourth month of relative stability in the rental market with rents changing by no more than 1% between December 2012 and April 2013. This stability is also reflected regionally with average advertised rents changing by less than 1% in all but two regions. [click to continue…]
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