The average rent has risen by 11% in the UK over the past year according to Zoopla’s latest market index.
This means that the average rent paid by tenants is now £995 a month, compared to £897 last year.These higher rents are stretching affordability, with this figure now equating to around 37% of the salary of a single earner, and 18.5% for sharers.
Zoopla’s figures show that rents were rising fastest in London, with a 15% year-on-year increase. The lowest growth rate was in Scotland, where rents rose by just 6%.
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