Rent increase rate remains consistent
FIGURES released by the website Easyroommate.co.uk, which analyses data from over 30,000 of its users from across the UK, shows that the national rental average has risen and remained consistent for the second consecutive month.
In May, the average flatsharing rental asking price rose from £368 to £375, demonstrating a 2 per cent rise in rents so far this year. The increase which initially occurred in April has continued through to May resulting in the first consistent increase in rental asking prices since December 2011.
Jonathan Moore, director of Easyroommate.co.uk, says: “Rents tend to remain consistent at the beginning of the year, as tenants do not tend to relocate during this period.”