January 2018 - 2017, the year of growth for the East of England
East of England is strongest performing region
For landlords, the East of England was the real success story of 2017, with rental prices in the region rising faster than anywhere else surveyed.
The average rent in the East rose from £864 in December 2016 to £893 a year later, a rise of 3.3%. The increase is due to many Londoners looking further afield in a bid to meet their housing aspirations, plus the buoyancy of the local economy.
Cambridgeshire is now a major jobs hub in the region and a number of towns are becoming increasingly popular with tenants migrating away from London.
London and North East fall again
Two regions posted rental price falls in the last year - London and the North East. In the North East prices dropped 1.7% year-onyear, falling from £543 to £534 per calendar month. This region remains the cheapest place to rent in England and Wales.
Typical rents in London ticked down 1.4% in the year to December 2017. The capital, however, continues to be the most expensive place to rent in England and Wales.
The average rent was £1,274 in December 2017, well above the next most expensive area - the East of England at £893.