It says that despite being 3.9% higher than last year, the average cost of renting a home in the UK is at its lowest amount since May 2013, according to new research.
New data from the November HomeLet Rental Index shows the UK's average rental amount now stands at £806 per month after lowering by 1.1% during November. This is the lowest amount recorded since May 2013, when UK tenants were paying an average of £787 per month to live in a rented home.
Other headlines from this month's report show:
• The North West was home to the largest monthly and annual increases of 4.1% and 6.6% respectively. It now costs an average of £658 per month to rent a home in this region
• Greater London saw a second consecutive monthly decrease in rental amounts. After lowering by 1.6%, it now costs an average of £1,263 per month to rent a home in the capital
• There's been a 1.5% decrease in the percentage of employed tenants moving into a new rented home in the UK
• The average age of tenants in the UK has increased for two consecutive years to 34.4 years
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