The cost of renting accommodation in the UK has hit a record high, according to new data revealed in today’s 24dash.com.
The June 2013 HomeLet Rental Index shows it now costs an average of £811 per month to rent a property in the UK – an increase of 3% during June, and a 5.1% increase from the same time last year.
However, when the figure for Greater London is removed, the report reveals that the average cost of renting a home in the UK is £681 per month, an increase of 1.9% from May 2013 – and the highest amount since August 2012’s £697 per month figure.
The data shows the increases in average rental amounts appear to be consistent across the UK, with eight of the 12 regions seeing the cost of renting a home rise during June.
Wales, the West Midlands and Northern Ireland saw minimal decreases in rental amounts, with the North East seeing the largest monthly drop in average rents of 9.4%.
Read the full report at 24dash.com