New findings from the HomeLet Rental Index show that rent prices in every region of the UK are now rising, an occurrence only seen twice previously in the history of the Index; once in October 2014 and once in December 2010. The Index also reveals that the pace of growth in London has picked up again, after a period of slower growth, with average rents agreed on new tenancies in May 2015 exceeding £1,500 per month for the first time.

The figures show strong growth in rent prices across the UK since this time last year, with all 12 regions recording price rises compared to the same period a year ago. Rents agreed on new tenancies across the UK in the three months to the end of May 2015 were 10.7% higher than the same time last year, with the average now standing at £935 per month (£738 excluding Greater London).

The South West of England saw the largest increase with average rent prices 13.6% higher than a year ago. Scotland (9.6%), the South East of England (9.4%) and Greater London (9.2%) also advanced strongly.