The rental market remained relatively steady in recent weeks, according to the latest index from PropTech firm Goodlord.
Void periods have remained unchanged as tenant demand continues to come up against lack of stock. The average cost of rent, however, decreased slightly during December, which is traditionally one of the quietest periods in the lettings calendar.
Six of the seven regions monitored by Goodlord saw a small decrease in the average cost of rent during December. On average, the cost of a property dropped slightly; going from £1,087 in November to £1,071 in December, a reduction of 1.47 per cent.
The biggest drop was seen in the South West where a 2.68 per cent reduction in the cost of rent was recorded; prices dropped from £1,095 to £1,066. The smallest changes were recorded in the North West and the West Midland
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