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England's north-south gap in rents shrinks to 11-year low
The Guardian
|September 16, 2024
The gap in rents paid by those in the north and south of England has closed to its lowest level in at least 11 years, figures show.
In its latest monthly lettings index, the property company Hamptons reported that the average rent paid by tenants in the north of England in August was £960 a month, an increase of 9.6% compared with the same period last year.
This was 37% lower than the £1,317 the average renter in the south of the country pays - the smallest percentage gap since Hamptons first began publishing the index in 2013.
It marks a significant reduction from the 43% gap recorded last year, and the 55% peak in 2021.
Aneisha Beveridge, head of research at Hamptons, said the gap had been narrowing for five years and reflected a similar trend in the homebuying market.
This story is from the September 16, 2024 edition of The Guardian.
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