The average rental rate in August 2013 increased by 4% and by 11% for the year, reaching the amount of €923 (£779) a month, according to ee24.com citing propertywire.com.
In London the rate increased by 2% in the past month and by 8% year on year. Metropolitan housing continues to be the most expensive in the country. The average rent for apartments in London is €1,700 per month.
Across the country, there is an extremely high demand for rental housing. In July, the number of rented housing increased by 2% and for the year grew by 11%. In the capital, not only increased the number of tenants by 5%, but the average rent rose to eighteen months (previously 12 months).
Offer does not keep up with demand, people can not afford to buy a house in London, so eager to take it out, leading to even more rise in price. For example, last month, the demand for rental housing has increased by 5%, while supply decreased by 1%, resulting in an increase in rental rates by 2%.
In August, there was an 8% increase in the number of lease transactions, and annual growth of this indicator was 17%.