Newly agreed rents have continued to fall across most of the UK on a monthly basis despite above-inflation annual rises, HomeLet reveals.

Figures from the tenancy referencing firm show that average rents on new tenancies fell 0.6% on a monthly basis between October and November, with just Wales and the north-east of England registering a 1.1% and 0.4% increase respectively.

Both the north-west and east of England registered the biggest monthly falls at 0.8%.

Rents were, however, up 3.2% annually to £947 per month.

This is at more than double the 1.5% inflation rate for November.

When London is excluded, the average rent in the UK is now £784, up by 3.2% on last year.

Wales had the largest annual growth at 5.2% to £630 per month.

Region

Nov-19

Nov-18

Annual Variation

Oct-19

Monthly Variation
Wales

£630

£599

5.2%

£623

1.1%
Yorkshire & Humberside

£652

£623

4.7%

£653

-0.2%
Northern Ireland

£667

£639

4.4%

£672

-0.7%
Scotland

£664

£635

4.6%

£674

-1.5%
North East

£540

£517

4.4%

£538

0.4%
North West

£721

£694

3.9%

£727

-0.8%
Greater London

£1,648

£1,597

3.2%

£1,665

-1.0%
East Midlands

£642

£625

2.7%

£642

0.0%
South East

£1,013

£989

2.4%

£1,020

-0.7%
South West

£838

£819

2.3%

£840

-0.2%
East of England

£917

£898

2.1%

£924

-0.8%
West Midlands

£701

£688

1.9%

£706

-0.7%
UK

£947

£918

3.2%

£953

-0.6%
UK excluding Greater London

£784

£760

3.2%

£788

-0.5%