Rent has continued to rise in almost every part of the UK, according to a rental monitor by referencing firm Homelet that comes weeks after the Government increased stamp duty charges by 3 per cent.
The average cost of London rent rose 7.7 per cent in the year to April, marking the third consecutive month of this level of growth. Renters outside London faced costs up 5.1. per cent in the three months to April on the same period in the previous year, up from 4.9 per cent in the three months to March.
Average monthly rent in Greater London was £1543 in April, while average monthly rent outside London hit £755.
Homelet numbers, which are based on the prices agreed by landlords and tenants that use the site, showed that Scotland has the fastest rising rent in the UK.