Biggest rental price changes across the UK revealed
The top 15 locations to see the biggest increases and decreases in the average rental price since last Christmas have been revealed.
Research from Howsy, an online property management platform, has shown that the largest rental increase has been in Yorkshire and Humber with a 5.1% jump, whilst the North East is the only region to have seen a decline at -1.1%.
Corby saw the average cost of renting down -10.5% in the past 12 months, which is the biggest drop across England.
Exeter, Norwich and the City of London all saw rental increases.
Calum Brannan, founder and chief executive of Howsy, said: “The change in the cost of renting on a regional basis in the last 12 months alone highlights how diverse the rental market is and how fluctuations in stock levels and tenant demand can make a big difference between one area and the next.
“Nationally, rents have increased, for the most part, but it’s not all bad news and while some tenants will be feeling the pinch more so this Christmas, others will be enjoying a reduction in the cost of renting.
“With a number of legislative changes introduced this year, the rental sector should become a better, more transparent place for tenants and landlords alike as we head into a new decade and this is something we can all look forward to regardless of the change in rental costs.”