Rents in the East of England are rising faster than any other region in England and Wales, Your Move’s buy-to-let index has found.
The average rent in the East of England – which includes cities such as Cambridge and Norwich – has risen by 6% to £887 per month in the last year.
Across the whole of England and Wales rents have climbed by 2.4% year-on-year.
Martyn Alderton, national lettings director at Your Move and Reeds Rains, said: “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.”
Other strong areas for rental growth are the East Midlands (3.2%) and the North West (3.1%), though they both started from a lower base to reach £648 and £633 per month respectively.
The best UK yields are currently found in the North East (5.1%) and North West (5.0%), with the worst area being London (3.2%).