Asking rents continue to show positive growth in all regions except Greater London, the UK’s largest rental market, where they continue to indicate weakness.
That’s the message from the website Home, which has released its latest market snapshot.
It says the growth rate is slowing however, to 3.4%.
The North East continues to be the regional growth leader, followed by Yorkshire, registering hefty year-on-year hikes of 17.3% and 15.1% respectively.
Supply in the North East is the tightest of all the regions.
Meanwhile, Greater London rents are down 3.2%, which is a slower rate of decline than previously observed.
Home says rents continue to correct in several London boroughs in response to increased supply.
However, the overall picture shows that boroughs with falling rents are now in the minority, with 18 of the 33 boroughs indicating year-on-year rises.
Some larger central boroughs such as Islington have returned to significant growth (+7.7%), while the worst performer is now Richmond with a year-on-year fall of 10.3%.
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