November 2017 - East of England home to rental resurgence
Shift of focus away from capital continues
The focus of the rental market continues to shift away from London and the South East, as other areas have become the drivers of growth.
In the year to October 2017, the East of England saw rents rise faster than every other region in this survey.
Prices in the region - which contains many rural areas, commuter towns and major cities such as Cambridge and Norwich - increased by 6% in the last year. The average rent now stands at £887 per calendar month.
Other areas posting strong price increases were the North West - where rents grew by 3.1% to reach £633 per month - and the East Midlands, which saw 3.2% year-on-year growth to reach an average of £648.
London was one of two areas to see prices fall year-on-year, the other being the North East. In both areas prices have fallen by 1% in the last 12 months.
The North East remains the cheapest place to rent a property, with the average house being let for £535, while the capital continues to be the most expensive at £1,276 in October.
However, this figure masks significant price variations depending on what area of the capital the property is located. The average rental property in London Travelcard Zone 2 costs £1,965 a month compared to £1,083 in Zone 5.