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Housing


10 January 2018

UNITED KINGDOM:  England rent increased by only £3 per month in 3rd quarter 

Compared to the same period last year, average rent in England only increased on average by £3 per month in the third quarter of 2017.  Demand for flats either remained the same or were falling in some location.  

This trend could suggest that tenants are remaining in the same property for longer.  The index report showed that 42% of tenants were opting to remain for 13 to 18 months, 30% remaining for 19 to 24 months and 14% choosing to remain in the same property for over two years.

According to the data from rental franchise Belvoir, during the 3rd quarter, the North West had the lowest rents at £595 and the North East at £621. The higher rents were in the South East at £1,052 and the highest being London at £1,436.

 

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