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Rents static or dipping in every region of the UK

Rent rises have moderated across the UK according to HomeLet. 

In every region of the UK, the pace of rent rises slowed and in some regions reversed over the three months to August this year, compared to the previous three-month period.

The trend is particularly marked in areas where rents have been rising exceptionally quickly this year, notably the South East of England and East Anglia.

Nevertheless, on an annual basis, rent prices remain significantly higher than a year ago, with the average UK rent 10.5 per cent higher than in the three months to August 2014.

Overall, the average UK rent on new tenancies has increased 1.6 per cent in the three months to August 2015. 

In the three months to August 2015 - with the exception of Wales, where rents rose by 2.5 per cent - no region saw rents increase by more than 2.0 per cent. 

Three regions - the South East, North West and North East of England - saw rents fall during this period; the biggest fall was in the North East, where rents paid for new tenancies in the three months to August were, on average, 2.1 per cent lower than in the three months to July.

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