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Buy to Let index

November 2016 -
Rents in England and Wales hit second highest peak ever recorded by Your Move

Fast Facts

  • Rent levels dip slightly following record September.

  • Average England and Wales rent was £900 in October.

  • Wales sees biggest price rises in past 12 months.

  • London home to highest rents at £1,290 per calendar month.

Sentiment Snapshot

  • Almost 2 in 5 landlords (37%) regard their property as their “pension pot”.

Quick Quotes

Adrian Gill, Director of lettings agents Your Move comments:

  • "After a turbulent year for the economy it is no surprise the rental market has paused for breath this month."

  • "Despite economic uncertainty and the European Union referendum result, the lettings market has powered through the year so far."

  • "The underlying market remains strong and we expect growth to resume in future months."

  • "Landlords continue to see impressive yields and the UK property market continues to be a safe and secure place to invest."

Key insights

  • Recent rent increases in England and Wales levelled off in October, with the average property being let for £900 per calendar month. This figure was marginally down on September’s total of £907, the Your Move England & Wales Buy to Let Index found.

  • Despite the slight drop in rents compared to last month, this is the second highest rent ever recorded by this survey. Across England and Wales rents have grown by 12% in the year to October 2016.

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