September 2017 - Rents rise across much of England and Wales
East of England and North West boast strongest price growth
Rents in both the East of England and the North West rose faster than any other region during August, Your Move found.
Both areas have seen the average monthly rent increase by 3.2% in the last 12 months.
In the East of England the average property is now let for £876 while in the North West the average price is £631 per calendar month.
Close behind was the South East, where prices have grown by 3% year-on-year to stand at £882 per month.
Rising demand for rental properties and insufficient housing stock have once again forced rents upwards in most areas of England and Wales.
The South West was the only region to see a price fall in the last year. The average rent today is 2.7% lower than a year ago and stands at £667.
However, rents in the North East remain the lowest in this survey. The typical rental property costs £540 per month, lower than the rest of England and Wales.
On a monthly basis, no region saw significant growth. The best performance came from both the South West and Yorkshire and The Humber, in each region prices grew by 0.4% between July and August.
Three regions saw rents fall month-on-month, they are East of England (0.5% fall), Wales (0.5% fall) and the North East (0.1% fall).
London continues to be the region with the highest average rent. In August the typical property let for £1,282 per calendar month, this follows a 1.5% price rise in the last year. However, this headline figure masks large differences across the capital.
The average property in London Travelcard Zone 2 is £1,952, significantly higher than areas further from the city centre. By comparison the average property in Zone 4 costs £1,176 month and in Zone 5 the monthly rent is £1,132.
New tenant registrations have risen by around a quarter in London in the last year. Your Move reported a drop off in activity in the wake of the Brexit vote last summer, but the market has now returned to its usual activity levels.