Buy to Let index

February 2017 - Rental market has strong start to 2017

Fast Facts

  • Rental market has strong start to 2017.

  • Average rent in England and Wales was £798 in January.

  • Region with fastest rising rents over the year was East of England.

  • London properties continue to attract highest rents.

Quick Quotes

Valerie Bannister, Lettings Director, Your Move, comments:

  • "The start of a new year brought renewed confidence for the rental market in England and Wales."

  • "Rents in nearly every region surveyed have increased compared to the same point last year."

  • "Yields continue to be squeezed in most areas of England and Wales, with all regions recording lower returns than at the same point a year ago."

Key insights

  • Rents grew in all-but-one region in the year to January 2017 as landlords enjoyed a good start to the year, the Your Move England & Wales Buy to Let Index found.

  • Across the whole of England and Wales rents increased by 1% in the last 12 months, despite dropping back slightly between December and January. The average property let for £798 in the first month of 2017. This compares to a figure of £790 at the same point a year ago.

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