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HomeLandlordQ2 2019 DPS RENT INDEX

Deposit Protection Service Graphics

Jul 11

Q2 2019 DPS RENT INDEX

London witnessed its first increase in average rent since the last quarter of 2017, from £1,288 a month in Q1 2019, to £1,319 in Q2 2019 – an increase of 2.42%.

The increase can be seen across all property types, with Terraced Houses increasing the most, rising by an average £185 (13.28%). Many commentators predicted that the tenancy fees ban would drive up rents as letting agents and landlords looked to alternative sources to cover costs but, with the ban coming in late in this quarter, it’s too early to say whether it is behind the hike.

On average, Londoners spend 42% of their wages on rent.

 

GET THE FULL DPS REPORT HERE

 

https://www.depositprotection.com/news/latest-news/2019/the-dps-rent-index-q2-2019-is-out-now/


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