Rents in Britain up 1.1% year on year, down in Greater London

Residential rents in Britain have increased by 1.1% year on year to an average of £950 per month, the latest index data shows.But there is some regional variation with the South West of England seeing rents for new tenancies increasing by 4.6% year on year to an average of £786, the highest annual rise, according to the Countrywide monthly lettings index.  Average rents were up by 2.8% in the East of England, by 2.3% in the Midlands and the North of England, by 1.4% in Scotland, by 1.1% in the South East of England and by 0.1% in Wales. Average rents bell by 0.8% in Greater London.