The speed at which rents across are growing has more than halved since a three per cent stamp duty surcharge on second homes came into force 12 months ago.
Research by lender Landbay says annual rental growth slowed to just 0.9 per cent last month, well under half of the rate of 2.27 per cent seen at the end of March 2016.
The average rent paid in the UK has now reached £1,191; £1,880 in London and £752 outside of the capital.
Although at a slower pace than they were a year ago, rents are continuing to rise in the rest of the UK but in London the average rent paid fell for the 11th consecutive month in March, falling by 0.7 per cent.
Rents in England (outside of London) have seen the most substantial growth over the last year, growing by 1.86 per cent, followed by Wales growing 1.41 per cent and Scotland on 1.25 per cent.
Just Northern Ireland saw rental growth below the UK annual average, growing by 0.07 pr cent over the last 12 months.
Graduates sharing in London spend upwards of 45 per cent of...
Rents in the UK grew by an average, and tiny, 0.69...
Rents across the UK began to shrink for the first time...
Rents across the UK grew by a modest 1.12 per cent...
The predictions game can be tricky. Sometimes you just don’t know...
Leading UK property auctioneer Bond Wolfe has broken through the £100...
Uncertainty triggered by the new Labour Government and taxation concerns that...
B-hive Block Management Partners Celebrates Major Milestone With Over 100 Businesses...
We’re absolutely delighted to announce that, after 10 years, we’re able...
You don’t have to simply accept things as they are when...
%20-%20IMAGE%20Client%20Accounting%20%E2%80%93%20what%20are%20your%20options.jpg)
The benefits for letting agents to outsource their client accounting is...
Who are you and what does it say on...
Who are you and what does it say on...
Who are you and what does it say on...
Join the conversation
Be the first to comment (please use the comment box below)
Please login to comment