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Rental growth sustained across the UK in August

Rents across the UK continued to rise during August, with this year’s trend of modest inflation continuing, according to the August HomeLet Rental Index. Tenants signing up to a new tenancy during August agreed to pay an average rent of £913 a month, a 3.1% increase on the same month of 2015.

The rise recorded in August is comparable to annual increases of 3.5-3.8% recorded over the previous four months. By contrast, annual rental inflation was running at close to 6% this time last year.

The August 2016 HomeLet Rental Index reveals that rents continue to rise in almost every area of the country, with 11 out of the 12 regions surveyed recording an increase over the year to the end of August.

Nevertheless, HomeLet’s regional trend analysis suggests that rental inflation has been more variable in certain areas of the country than others. London and the South-East in particular saw a larger dip in the pace of rent rises during March and April this year, at a time when buy-to-let investors were purchasing properties in larger numbers

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