Rental amounts lower in seasonal dip
The continual increase in average UK rental amounts has come to a temporary halt according to the latest HomeLet Rental Index, which seems to have given tenants a moment’s reprieve from other soaring living costs.
However, as seen from the report, this seems to be a seasonal trend caused by the increase in students applying for shared rental properties who generally pay lower amounts of rent.
Also despite the average UK rental amount lowering to an average of £763 per month, costs are still 4.2% more expensive than the same time last year.
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