Great Britain’s rental growth flattened during September according to the latest market survey from a leading estate and lettings agent.

@LittleIvan via Twenty20

During September the average rent on recently let ‘homes’ was practically the same as those in September 2019.

The reasonably positive news is that the number of regions which have experienced average rents dropping since the beginning of Covid-19 in March is now at its lowest level.

However London recorded average rents dropping by 2.9% year on year in September with Wales down by 0.1%, whilst every other region throughout England and Scotland recorded rental increases.

The South East and East of England have recorded increasing rents in September which was a turnaround after showing falling rents over the previous three months.

Although the capital recorded rents dropping every month between March and September, the majority of the rental decreases were shouldered by Inner London.

In spite of rents in Outer London increasing in September for the first time since March, the firm says that Inner London shows no sign whatsoever of a recovery as rents plummeted by 14.1% in September against the corresponding month last year.

Aneisha Beveridge, head of research at the agents said: “Rents continued to recover in September and growth remained strong across the Midlands and the North with no signs of a slowdown.

“Since March, London has been dragging down the national rental growth figure and continues to do so, but rent falls in London look to have bottomed out. Despite this, London was the only region in England where fewer homes were let in September than at the same time last year.”