Average UK rents rose between July and September but the average increase was below inflation, according to the Deposit Protection Service.
Average monthly rents in the UK increased by £7 (0.91%) to £778, less than half the 1.9% rise in inflation during the period.
Rents for terrace and semi-detached properties in Q3 were the exception, rising above inflation with annual increases of over 4%.
Most UK regions experienced an increase in average rents, with those outside London averaging £676 – a marginal uplift of £3 on the previous quarter.
London is still the most expensive rental region in the UK, with the largest year-on-year growth of £43 (3.34%) and an average rent of £1,333.
On average, renters in the UK spend 32% of their wages on rent, the DPS said.
The full report is available at: http://www.depositprotection.com/media/1602/dps_rent_index_q3_2019.pdf