You are here: Home - Mortgages - Buy To Let - News -

Which UK region has the highest rental growth?

Written by: Lizbury
The UK rental market remained relatively buoyant during April, according to the latest figures from Your Move.

The fastest-growing rents across the UK were recorded in the West Midlands over the year to the end of April 2019, with growth at 4 per cent to £641 per calendar month (pcm).

Rents in Scotland also increased by 1.7 per cent to £581 pcm over the year to the end of April 2019, according to the latest figures from Your Move.

In Scotland, the most expensive region is Edinburgh and Lothians, where rents rose by 3.1 per cent to £693 annually.

Meanwhile, London remains the UK’s most expensive place to rent at £1,262 pcm, although the average fell by 1.1 per cent year-on-year.

Rents in England and Wales rose by an average of 0.5 per cent to £861 pcm in the year to the end of April 2019.

Landlords’ yields remained flat on average at 4.3 per cent across England and Wales during April compared to March.

The northern regions continued to offer the highest yields. Typical yields were five per cent in the North East, 4.8 per cent in the North West, 3.2 per cent in London, and in both South East and South West, 3.3 per cent.

The average yield in Scotland rose month-on-month for the first time since March 2017, up to 4.7 per cent.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

If one of your jobs this month is to get your finances in order, moving your savings to a higher paying deal i...

Coronavirus and your finances: what help can you get?

News and updates on everything to do with coronavirus and your personal finances.

Everything you need to know about being furloughed

If you’ve been ‘furloughed’ by your company, here’s what it means…

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
What does Theresa May’s resignation mean for investors?

Prime minister Theresa May’s announcement that she will resign as Conservative Party leader on 7 June sparked a rise in...