Rent for housing is growing across the UK

Average rent in great Britain increased by 6.56% in July 2014 compared to the same period last year and reached £1029 per month. Thus, in the United Kingdom are firmly secured the title of Country Tenants.

The milestone of £1000 pounds was broken in June 2014, and since then rents continued to grow at £11 pounds a month for the last 4 weeks. Such data are published by the Agency of the real estate lease “Move with Us”.

Significant participation in rising rents in the UK takes London where the average rent reached so £2376 per month in July 2014 , consistently increasing in the past 12 months, shows no signs of slowing.

In early August, the average rent in London for £43 pound more expensive than at the beginning of July 2014 and £223 pound or 10,11% per month more expensive than July 2013 when rents reached £2148 pounds per month.

Improving rental market has spread all over the UK. So, the monthly rise in the South-East of the country amounted to £9 pounds, and the average price of rent per month – £90 pounds higher than a year ago.

Traditionally expensive rents in the East of England. Given that in the UK great commuter links to London, the rental prices here are always high and aim for London. In July the average rent in the East of England was £948 pounds per month. And as the pace of rising rents in the East amount to about £13 pounds a month, it is easy to assume that the turn of £1000 pounds per month will be overcome before the end of this year.

In Scotland the rental of residential property is much lower.

The average rent is approximately £737 pounds a month. During the year the rent has risen by £60 pounds, in other Northern regions rental prices are even lower.

Since not only in London and the South of England has seen a steady increase in rental prices of residential property, but in the Northern regions, it is possible to speak confidently about the recovery of the market rental of residential property on a national scale. Northwest is the only region where the price of rent is not increased over the last year. However, rising prices should affect this region in the next 12 months.

® Alice Morgan G. 19.08.2014

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