MenuSearch

Buy to Let index

November 2017 - East of England home to rental resurgence

Fast Facts

  • East of England has fastest rising rents than any other region.

  • London market continues to battle difficult conditions.

  • Yield levels across England and Wales have stabilised.

  • Average rent is up 2.4% year-on-year.

Quick Quotes

Martyn Alderton, National Lettings Director for letting agents Your Move and Reeds Rain, comments:

“As we approach winter, the heat has been taken out of the rental market and price growth has slowed.”

“While prices in most areas have continued to rise, it has been at a slower pace than we had been used to in recent years.”

“Across England and Wales, rents have grown by 2.4% in the last year although some areas, such as the East of England, have performed above that level.”

Key insights

  • Rental prices in the East of England rose faster than anywhere else in the year to October, the Your Move England & Wales Buy to Let Index found.

  • Prices in most areas of England and Wales grew in the last 12 months, although it was the East that saw the biggest increases.

  • On a non-seasonally adjusted basis, the average rent was £924 per calendar month across all of England and Wales. When looking on a seasonally adjusted basis, average rent was £845 this month and 2.4% higher than the same point a year ago.

For further information contact: