Data from the April 2014 HomeLet Rental Index shows a fourth consecutive monthly decrease in average rental amounts in Wales, after decreasing by 2.6% during April. Compared to a three consecutive monthly increase in average rental amounts in the South east region.
With Yorkshire and Humberside and the North East see annual decreases in average rental amounts of 3.4% and 3.5% respectively.
Average rental amounts in the West Midlands increased by 1.7%
The average cost of renting a home increased by 2.9% during April to £848 per month
Across the UK there’s been two consecutive annual decreases in the percentage of unemployed tenants moving into rented homes With the average amount a tenant in the UK earns increased by 5.9% during the past 12 months to £29,100 per annum
A recently released report published by Halifax (The Generation Rent Report 2014) shows almost half of this year’s respondents believe Britain will become a generation of renters within the next generation.
Bespoke Financial 