Liquid error: wrong number of arguments (2 for 1) Regions outperform London on rent growth | Marsh & Parsons Sales and Lettings Estate Agents London

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Regions outperform London on rent growth

Fri 27 Dec 2013

Regions outperform London on rent growth

Rental growth has been stronger in the regions than London in 2013, new research shows.

Sequence has revealed rents rose by six per cent in the capital over the past 12 months. However, the figure was

ten per cent for the nation as a whole.

The organisation said the average UK rent now stands at 777 per month.

Stephen Nation, head of lettings for Sequence, stated: "This draws the conclusion that it is the regions, not the

capital, propelling the continued buoyancy of the rental market."

Sequence also found new tenancy levels were better outside of London. A 13 per cent rise was recorded in the

rest of the country, while in the capital the number of new renters dropped by two per cent.

Meanwhile, London new tenant applications were flat in 2013, compared to a 13 per cent rise in the regions.

While these figures suggest the capital is being outperformed, a number of organisations - such as Knight Frank

and Marsh and Parsons - have predicted 2014 will be a good year for the city's private rented sector.

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