Last week, UK-based peer-to-peer lending platform Landbay released the March 2017 Rental Index. This report reveals details about the country’s rental market. The lender stated:
“Since March 2016, average rents in the UK have risen by 0.9% to £1,191. In England, rents were up 0.87% to £1,222; in Northern Ireland, they rose by 0.07% to £557; meanwhile in Scotland rents rose to £723 following annual growth of 1.25% and in Wales, the average rent is up 1.41% to £636. Average rents for one, two and three-bed properties hit £1,012, £1,152 and £1,321 respectively in March 2017.”
Landbay also shared details about London’s rental market:
“Tenants occupying properties in London are now spending an average of £1,880 on rent, whilst tenants outside the capital are paying £752 on average.”
Full March 2017 Rental Index is listed below.