Average rents in England and Wales fall almost 1%, down under £700 per month

Average rents across England and Wales fell by 0.9% in November but are up 4% compared to a year ago with London rents even higher with 8.9% growth year on year. This takes the average rent to £799 a month which means they have fallen below the psychologically important £800 mark, according to the latest buy to let index from Your Move and Reeds Rains. Average rents now stand at £799 per month. This follows a month-on-month fall of 1.2% – down from September’s all-time record high of £81...