UK rental growth bounces back to 1.1% – Mortgage Introducer

Rents in the UK are on the rise. Scotland and Ireland are leading this push, and it is up 1.1%, so that landlords have a little more liberty to up their rents a little. Of note, London, is actually holding down the average, because their growth is -0.6%.

The summer is a time for rent growth, because many people relocate during this period. All the shuffling around make it good for landlords. This is also a period where the majority of leases renew

Key Takeaways:

  • The rental growth in Northern Ireland has increased by 5.7%
  • Summer season sees rental growth which brings relief to landlords.
  • Rental growth is still falling behind the 2.7% inflation rate.

“Despite bouncing back rental growth is behind inflation, which was 2.7% as of June.”

Read more: https://www.mortgageintroducer.com/uk-rental-growth-bounces-back-1-1/