Average rents in the UK for the first time has surpassed the psychological threshold of £1,000 (€1,250) per month. Owners of apartments in London rent them out for £2,300 (€2,880) a month, reports ee24.com citing propertywire.com.
Buying property in the UK as an investment promises good dividends. Housing in the country increases in value by 9% per year, and rents are rising. Now houses and apartments are available for £1,006 per month. Dwellings in South England are more expensive to rent, while in other regions one can rent an apartment for a smaller amount. For example, in North East England it will cost £639, in Scotland - £726.
Rental rates in London returned to highs of the Olympics 2012 and reached an average of £2300. Over the last year, this amount increased by £103 or 4.7%.