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January 2017 - London rents end year at £1,291, just £10 more than a year ago

Fast Facts

  • Average rent was £811 in England and Wales during December.

  • East of England saw fastest rent rises in last 12 months closely followed by the South East.

  • Across England and Wales prices up 2.2% annually.

  • London rents end year at £1,291, just £10 more than a year ago.

Quick Quotes

Valerie Bannister, Lettings Director, Your Move, comments:

  • "The rental market in England and Wales has ended the year strongly, with all key indicators looking positive."

  • "Rents ended the year higher than they started in most areas, yet tenant arrears have remained broadly at the same level."

  • "Average yields have remained stable across the country, with some regions continuing to offer well above average returns to investors."

Key insights

  • Despite a turbulent year average rents ended 2016 higher than they started it, the Your Move England & Wales Buy to Let Index found. The average property was let for £811 a month in December. By comparison, the average rent in January 2016 stood at £790.

  • On a regional basis, most areas saw rents rise or stay broadly flat compared to 12 months ago. Just two regions saw a year on- year decline – the South West and the North East. London continues to be home to the most expensive rental properties, as it was at the start of the year.

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