London rents end the year on all time high

  • Average England and Wales rent was £830 in November
  • London rents reach new high of £1,295
  • South East sees greatest rent increases in last year
  • Across England and Wales rents up 3.9% in 12 months

The average rental property was let for £830 a month in November, the Your Move England & Wales Buy to Let Index found. This figure is 3.9% higher than a year ago, when an average property cost £799 per calendar month.

On a regional basis, rents increased in nine of the ten regions surveyed during the past 12 months with only the South West seeing a small decline in rents. London remains by far the most expensive place to rent a property in England and Wales.