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London rents rise for first time in two years as UK growth slows

05 July 2018

Recent research showed owning property cheaper than renting in all parts of the UK

Rent in London rose for the first time in nearly two years in June, increasing by 0.1 per cent to an average of £1,884 per month, according to the latest Landbay Rental Index.

The figures show overall UK rental growth is continuing to slow down. Rents rose by 0.4 per cent in the first six months of the year, and went up by 0.54 per cent excluding the capital.

Rental growth has been strongest in the East Midlands and the east of England so far this year, with increases of 0.95 per cent and 0.7 per cent respectively, while rents in the North East dragged the average down with a 0.08 per cent drop.

Meanwhile, Wales has seen rents rise 0.9 per cent since the beginning of 2018, while Northern Ireland recorded 0.72 per cent growth.

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