Average rents increase by 3% - Credit Connect

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Average rents increase by 3% - Credit Connect

Average UK rents for new lets are 3% higher over the last year, down from 7.4% a year ago according Zoopla’s quarterly rental market report reveals. The data showed that rental market conditions are steadily improving after three years of chronic under supply and excess demand, although there is still an ongoing gap which is pushing rents higher in more affordable markets. There are 11 per cent more homes for rent while demand is 17 per cent low…