Average rental costs fell to their lowest levels since June, dropping by 11% in October and taking some of the intense heat out of the lettings market as we head toward winter.
According to the latest Rental Index by Goodlord, following several months of rising rental costs, prices in October dipped by 11% on average. The cost of a property to let in England is now £1,111, down from £1,249 in September
All seven of the regions monitored by Goodlord recorded a reduction in prices.