Average rents in England and Wales up just 0.1% year on year

Your Move | May 22, 2019

Average rents in England and Wales up just 0.1% year on year
Average rents in England Wales are just 0.5% above where they were in April 2018 at an average of £861 per calendar month, the latest rental tracker report shows. But some areas are seeing stronger growth with rents in the West Midlands up 4% year on year, according to the data from the Your Move index. The next biggest growth was an annual rise of 3.7% in the South West to take the average rent to £701, followed by Yorkshire and the Humber up 2.5% to £589, then the North West up 2.3% to £648 and the East Midlands up 2.2% to £666.

Spotlight

One of the measures by which any proposed housing finance system must be judged is how well it would serve low- and moderate-income (LMI) households. In this analysis, we assess how well the multi-guarantor system proposed in the draft under discussion in the Senate Banking Committee would serve these households, concluding that they would do considerably better than they do under the system we have today. The bottom line is that the proposed system provides considerably more and better-targeted support to assist LMI households.

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Spotlight

One of the measures by which any proposed housing finance system must be judged is how well it would serve low- and moderate-income (LMI) households. In this analysis, we assess how well the multi-guarantor system proposed in the draft under discussion in the Senate Banking Committee would serve these households, concluding that they would do considerably better than they do under the system we have today. The bottom line is that the proposed system provides considerably more and better-targeted support to assist LMI households.