Rents in North and South England Show Narrowing Gap
Rents in the north of England have increased significantly, leading to the smallest gap with southern rents in over a decade. The government has also introduced a renters reform bill aimed at improving renters' rights.
| Score | Value |
|---|---|
Scale | 7 |
Novelty | 5 |
Positivity | 5 |
Reliability | 8 |
Actionability | 6 |
Society | 7 |
Journalism | 4 |
Highlights
- The gap in rents between the north and south of England has closed to its lowest level in at least 11 years.
- The average rent in the north of England in August was £960, a 9.6% increase from the previous year.
- The average rent in the south of England is £1,317, which is 37% higher than in the north.
- The gap between northern and southern rents has decreased from 43% last year and 55% in 2021.
- The government introduced a renters reform bill that includes changes to renters' rights in England.
Perspectives
- The National Residential Landlords Association has expressed concerns that the new renters reform bill could lead to landlords increasing rents in some cases, despite the narrowing gap in rents.
- Aneisha Beveridge from Hamptons noted that the narrowing gap in rents reflects a positive trend in the rental market, driven by affordability pressures in the south.