Monday, 7 October 2019

Well there's a surprise!

SpareRoom’s Rental Index Q3 2019

Data Summary

- Rents remain steady across the UK, up just 1% over the last year. This indicates that the recent tenancy fees ban hasn’t resulted in rental increases
- Northern Ireland is the cheapest place to rent in the UK, with average rents of £352
- The UK’s cheapest town is Galashiels in Scotland, with average rents coming in at £303 – followed by Northern Ireland’s Bangor (£318) and Craigavon (£320)
- Guernsey continues to outrank London as the most expensive place to live in the UK with rents of £796, compared to London’s average of £782


from here

The surprise is, of course, the last point. All the others are exactly what we would expect, despite all the wailing from letting agents.

3 comments:

Mark Wadsworth said...

Nice one.

Bayard said...

Letting agents face a much more serious threat: Facebook Marketplace. Instant results and completely free. OK you have to download a copy of a tenancy agreement from the internet and fill in the blanks, but how hard is that?

ontheotherhand said...

Guernsey rents are probably distorted by the system whereby locals can buy/rent anything, but new residents can only live in under 10% of the property designated open market.