Rents in UK likely to grow at a slower pace in 2016

Rents for newly let homes in the UK continued to grow in 2015 albeit at a slower pace than in 2014, according to the latest index report. Average rents grew by 3.1% over the year, taking the average monthly rent to £919 per calendar month, according to the data from property services group Countrywide. Rents rose in all regions of the country with the East of England seeing the highest growth, up 6.5%, and the c London market seeing the lowest with 0.5% growth. The report also shows that 34% of...