Rental fees rise by 1.8% between May 2012 and 2013

Rental fees rise by 1.8% between May 2012 and 2013

Rental charges in the UK rose on average by 1.8% between May 2012 and May 2013.

Countrywide Lettings has just released its Monthly Lettings Index, which also showed rental fees for two-bedroom properties in the UK increased significantly last month, climbing by 0.5% between April and May. This took the average rent for two-bedroom homes in the country to £770 a month in May.

Nick Dunning, Group Commercial Director at Countrywide plc, said: “Rental yields remain strong and are providing attractive returns for buy-to-let investors compared to other types of investment.”

It also reported rent for three-bedroom properties increased by 0.3% in May, taking the typical fee to £884 per month.

Findings revealed annual rises too, with rents for one-bedroom properties climbing by 2.5% since May 2012, while two- and three-bedroom ones grew by 3.2% and 1.4% respectively.

Last month’s results revealed typical rents grew by 0.3% year-on-year between April 2012 and 2013, with one-bedroom rents climbing by 11.%, two-bedroom ones by 2.5% and three-bedroom flats or houses by 0.1%.

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