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July 2017 - General election has little impact on rent prices across England and Wales

Fast Facts

  • All regions saw rents rise or remain level month-on-month in June.

  • Average rent across England and Wales stood at £827.

  • Yield levels improve in some regions.

Quick Quotes

Richard Waind, Director, Your Move, comments:

  • “Compared to May, rental prices have held firm or continued to increase - suggesting that recent political turmoil has had little immediate impact on renters.”

  • “The squeezing of yields in recent times may also be showing signs of ending as landlord returns remain relatively stable with the North East and North West, in particular, performing well.”

Key insights

  • It appears that the general election result had no immediate impact on rent levels in England and Wales, the Your Move England & Wales Buy to Let Index found.

  • The average rent across the two nations increased by 1.6% between May and June to reach an average of £827 per calendar month. This figure is also 2.1% higher than a year ago.

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