- Capital’s landlords see average annual return of over £38,000 (or 14.6%) over past 12 months
- Compares to average returns of almost £15,000 (or 8.9%) across England and Wales
- Rents across England and Wales now average £742 per month, up by 1.4% since January 2013
- Tenant finances recover in the New Year, as proportion of late rent falls to 7.4%
Rents across England & Wales
Average rents across England and Wales have risen 1.4% in the past year, to stand at £742 per month in January.
Annual rises come despite a seasonal fall in rents between December and January. The average rent across England and Wales fell by 0.4% on a monthly basis.
Rents by region
Five out of ten regions saw rents fall on a monthly basis between December and January, in line with a monthly fall across England and Wales as a whole
The sharpest monthly drop was found in the South East, with rents down 1.0%. This was followed by a drop of 0.9% in London, and a 0.7% fall on a monthly basis in Wales.
However, the West Midlands and East Midlands experienced monthly rent rises – up by 0.8% and 0.6% respectively since December.