Flatsharing rents reach record high
Jonathan Moore, director of Easyroommate.co.uk which released the figures after analysing data from 30,000 of its users, said: “Rents tend to remain consistent at the beginning of the year, as tenants do not tend to relocate during this period. However the summer months are typically when we experience an increase in the number of users registering and this more often than not results in an increase in rental asking prices as demand outstrips supply and landlords look for a way to cash in.”
He added that the overall rise in the UK flatsharing rental prices can be partly attributed to the significant increase in the number of students entering the rental market, with significant increases in rental prices recorded in a number of university towns and cities such as York, Cambridge, Glasgow and London which saw a rise of £43.
The north-south divide is again apparent in the figures. Rents in the north average £345 per month, £35 less than the current UK average and significantly cheaper than in the south of England where they are £425. This is a trend that has remained consistent with 2011 figures .
“The increase in rental asking prices clearly demonstrates that flatsharing is continuing to be an attractive option,” said Moore. “Despite the increases, flatsharing is still the cheapest and most cost effective option within the private rental sector.”flatsharing, rental
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