The May edition of SpareRoom's Room Rental Index has just been published, giving average room rents across the UK.
According to SpareRoom, average rents for rooms are up 7% since last year, to a new high of £115.91.
SpareRoom says that "In recent months, rents have been on a steady upward march, but few towns in the UK have seen large rises since our last report. We seem to be entering a period of rent stability, with some areas seeing deflationary rents where perhaps an affordability ceiling has been hit recently? Areas such as Bolton which has seen strong rental growth recently, went into reverse. Earlier this year London was powering the UK's rising rents but this quarter we've seen rents across all parts of London remaining stagnant or falling slightly, except for West End rents which are bucking this trend."
View SpareRoom's Rental Index for May here.
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