Rents in East of England see steepest rise

Ryan Bembridge

November 24, 2017

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%).

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