The average cost of an English rental property in June lifted 6.7% to £1,225 compared to a year ago, as the lettings market enters its high season.
The South West posted the highest year-on-year rise, where prices jumped 13.1% to £1,347 over the same period, data from the Goodlord Rental Index shows.
In London, rents broke the £2,000 mark for the first time this year, rising 2.2% to £2,010. This was also the lowest annual uplift among English regions.
The report points out: “June traditionally marks the beginning of the high season for rental prices. Buoyed by demand from students, rents typically peak between June and September.
“Last year, rents peaked in July at £1,367 per property, on average.”
Between May and June, average rents rose by 4% month-on-month to £1,225 — with all but one region recording an increase in rents.
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