Average rents in the UK are now £1,172 pcm after falling marginally by 0.2% against last month’s average of £1,174 pcm and marking the second consecutive month of falls, according to the latest market analysis from HomeLet.
According to the figures, when London is excluded, the average rent in the UK is £977 pcm, with no variation from the previous month.
The capital saw the largest monthly variance, experiencing a 0.9% decrease from last month, dropping below their previous average of £2,007 pcm to £1,989 pcm.