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