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Posted by Megan Krasewitz | Posted in General News | Posted on 31-05-2008

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The Residential Rental Price Index is reporting that the average rental price for property in the UK is up compared to last month. The average rental price for a property in the UK for May 2008 is at £704.00 per month compared with £600.00 on the previous month April 2008.

The increase is compared to a slight drop that was experienced from March 2008 to April 2008 and it will be interesting to see if the trend continues through June 2008. The data used to gather the statistics is from all of the member letting agents that upload property to the Rentright website and should only be used as a guideline. You can access the RRPI – Residential Rental Price Index for more detailed statistics including a breakdown by number of bedrooms and location.

To view further statistics click through to the RRPI