The average cost of renting a home in the UK has reaches an all-time high.
June’s data shows the average cost of renting a home in the UK increased by 3% during June to £811 per month, according to Homelet.
It represents a 5.1% increase from in June 2012.
Tenants in Greater London are paying 3% more than last month, and an additional 4.9% than in June 2012.
When the Greater London figure is removed, the average monthly cost of renting a home around the rest of the UK is £681. This is the highest amount since August 2012.
It is now 86.5% more expensive to rent a home in the Capital than the rest of the UK (when the Greater London amount is removed).