Rents On The Way Up After Seasonal Drop

The usual seasonal drop off in rents has almost come to an end, according to the latest figures from the rent index.

The rent index tracks actual rents in real time, using information gathered from more than 5,500 landlords over the past 90 days.  It shows that the average rental price paid has increased by just over 0.5%, leaving the average at just below £600 pcm.

The latest results from the rent index indicate that the seasonal drop off in rents has been less dramatic and shorter than in recent years, where rents have generally started recovering around March/April time.