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TODAY'S OTHER NEWS

Average rent across Britain now £999 pcm says Countrywide

The average rent of a newly let property in Great Britain rose to £999 pcm in October according to data from Countrywide’s upmarket Hamptons International brand.

This figure is 2.2 per cent higher than the same period last year.  

Rising rents in the south of England drove rental growth - average rents increased 3.9 per cent in the South East, 3.8 per cent in the East and 3.0 per cent in the South West.  

London lagged slightly behind, with the average rent rising to £1,763 pcm, up 2.8 per cent year-on-year.  

Meanwhile the North was the only region to record falling rents (down 0.6 per cent), the first annual fall since May 2018.

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