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The cost of renting increased across six out of eight regions of the UK – with particularly strong increases in the North East and East Midlands, Goodlord’s rental index has found.
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In July the typical cost of renting was £838.24 in the North East, up from £652.61 in June.
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The East Midlands also saw a rise of 17% increase, with rents rising from £795.24 in June to £961.34 in July.
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The only regions where rents didn’t increase were the West Midlands (0%) and Wales (-5%).
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Tom Mundy, chief operating officer at Goodlord, said: “July’s numbers confirm that the post-lockdown bounce we were expecting was more than a flash in the pan.
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“The market has found its feet once more and is retaining momentum. Comparisons to 2019 data are highly encouraging; showing a return to predicted levels of activity and, in some instances, exceeding expectations.
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“In addition, rental prices and void periods both bode well for the sector as we head into August, which is also a traditionally busy month for the industry.”
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BY RYAN BEMBRIDGE
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Source: Property Wire
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