According to a recently published report from property website Home, asking rents in the UK are continuing to show positive growth in most regions.
Overall growth has slowed down compared to last year’s record-breaking rises, but the supply-demand imbalance in the private rental sector has continued to exert upward pressure on rental costs in most UK areas.
Home’s monthly report reveals data about the current lettings market, and the July publication has shown that while year-on-year asking rents have fallen in some regions such as Greater London, East Midlands, and the West Midlands where it seems an affordability ceiling has been reached.
However, other northern regions of the country with more affordable rents continue to exhibit double-digit percentage growth, encouraging more buy-to-let property investment in these areas.
