New research, analysed by LandlordBuyers.com, shows the North East has has one of the lowest rental price increases in the UK.
The North East and South East were the two regions which experienced just a 1.3% increase in rental prices between 2020 and 2021.
Suprisingly, London was the only region which experienced a decrease in private rental prices. Over a 12 month period London saw a 0.1% drop in rental prices!
LandlordBuyers.com Managing Director, Jason Harris-Cohen, said:
“Rental prices will always rise where there are more tenants than available properties and in our experience, the UK rental market is continuing to see strong demand at present.
The statistics suggest that even as a semblance of normal life resumes, we’ll keep the same pace in the private rental sector. We predict private rents will continue to rise.”
You can see the full infographic and all the regions across England by clicking here.