Looking at the month-on-month rental growth trend, there was a marginal dip of 2% across England on average, taking the July figure of £1470 down to £1438 in August.
This seems to be in line with seasonal trends, as the same drop in the average monthly rent was observed last year, when rental costs fell by 1.5% between July and August.
Despite this year’s dip of 2%, the average rent for August was still above the £1400 mark for just the second time on record.
Last month, void periods shortened considerably to an average of 11 days. In August this has lengthened to 15 days – an increase of 36%. This is slightly longer than last year’s average of 13 days. The only region to see voids shorten was Greater London, where the average length dropped from 13 days to 12 days.
Further Reading: Take a look at our guide to the best buy-to-let areas in London to find out more about property investment in the capital.