London rents more than double the rest of the UK

The HomeLet Rental Index shows that monthly rents in Greater London now average £1,412, compared with £694 for the rest of the UK (excluding London). With the average tenant’s gross income being just 2.23 times the average annual rent Greater London represents the least affordable rental market in the UK. In the UK as a whole, the average UK private home rent rose by 6.3% over the year to June 2014.

Full story available from Property Reporter: http://www.propertyreporter.co.uk/view.asp?ID=14063

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