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.