London Wheel – London (Photo credit: @Doug88888)
Renting a home in Greater London is now 85% more expensive than anywhere else – the largest difference ever recorded!
Average rents in the capital have increased by 8.4% over the past year and now stand at £1,260 per month, whilst across the UK the average cost of renting a home now stands at £789 per month representing a 2% increase on the same period last year.
The majority of regions, however, have seen either a decrease or minimal increase in average rents during the past 12 months. Regions that saw the largest drop are the North East and South West where rental costs lowered over the same period by 2.6% and 2.4% respectively.
Data from the HomeLet Rental Index
