Editor's note: This brief was summarised by The Property AI Team from a report by Landlord Today. Read the original article for full details.
Rents on Newly-Let Homes Rise Across Great Britain
Rental growth for newly let homes has been increasing over the past six months, according to Hamptons lettings agency, as reported by Landlord Today.
The average rent for a newly let home in Great Britain reached £1,392 per month in June. This figure is 1.6% higher than the same period last year and marks the strongest annual growth for new lets in 13 months.
This trend is relevant for UK letting agents and inventory clerks monitoring market changes and rental values.
Source: Landlord Today