Saturday, November 28, 2020
Landlords

Inflation is now outpacing rental price growth in the UK

Inflation is now outpacing rental price growth in the UK, and, in London, rents have barely changed over the last year.

According to data from Homelet, UK rents grew on average by 0.8 per cent annually in February, and in London rents edged up by just 0.4 per cent. Overall inflation is now at 1.8 per cent.

This means the nation’s average monthly rent was just £7 more expensive, at £746 per month. London’s average rent in February was almost double that figure at £1,520 per month.

Important:
This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

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