A surge in the number of people renting in the UK, combined with a shortage of rental homes, has continued to push up rental prices.
According to the latest data from HomeLet, rental prices in London lead the way, with the average rental value for properties coming in at a staggering £31619 per month, an increase of 4% compared to 2017. In comparison, the average rental value in the East Midlands is £3628, although this has risen 1.6% when compared to October 2017.
Adam Kingswood comments: “The Nottingham rental market continues to perform well, helped by our large student population and a high number of transient employees such as those working on contracts at the city’s hospitals, universities and for major companies. £0Nottingham is therefore becoming an increasingly popular choice for property investors and landlords who help to meet the ever increasing demand for quality rental properties.
See here what £3628 pcm can get you in different areas of Nottingham £0HERE.