The Rental Market is Steady and Rents on the dip in some areas of the UK.

The Rental Market is Steady

Market Rental Figures

Rents have dropped in the past four months to September, the average rent for a two bedroom property decreased from £777 to £767, a one percent fall.

The average in Scotland to rent a two bedroom property per month:

• Edinburgh averaging £1,100 – one per cent dip
• Glasgow averaging £800 – steady
• Aberdeen averaging £700 – steady
• Dundee averaging £600 – steady

The average in England & Wales to rent a two bedroom property per month:

• East Midlands averaging £890 – five per cent dip
• North East averaging £810 – four per cent dip
• South East averaging £790 – three per cent dip 
• North West averaging £920 – two per cent increase
• South West averaging £945 – three per cent increase
• London averaging £1,693 – steady
• Wales averaging £654 – one percent increase

Void Periods

Scotland – Average 11 days

Greater London, the North East, West Midlands and South West – Average time 12 days.

The East Midlands, North West and the South East – Average 15 days. 

West Midlands  – Average 25 days during September.