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Which UK region has the highest rental growth?

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Written by: Lizbury
24/05/2019
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.

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