RELO NEWS
Private Rental Prices Still Increasing in England, Scotland and Wales
Rental prices paid by tenants in Great Britain (England, Scotland and Wales) increased by 1.4% in the 12 months to November 2017.
Rental prices for Great Britain excluding London increased by 1.8% in the 12 months to November 2017.
Rental prices for London increased by 0.6% in the 12 months to November 2017. This is the lowest annual increase in London since October 2010.
Many issues, legalities and paperwork differ in China from province to province. Housing rental prices are no exception, and vary greatly from 1st to 3rd tier cities, and the methods of rental and deposit payments also vary from city to city. Landlords and developers in some regions have different requirements when it comes to rental and deposit payments.
When assignees are relocating to China, they should be aware that the policies are not standardized, and below is an example of various cities with differing payment regulations.
Average rents in the UK rose 1.2% to £906 a month in January compared to the same month in 2015, the slowest increase in three years, the latest rental index shows.
But average rents are some 12% above their pre-recession peak, reaching the highest level on record, according to the data from the Countrywide monthly lettings index.
The data also shows that London has seen the largest growth in rents anywhere in the country since 2007, with rents 34% higher than their pre-recession record. Between 2007 and 2016 the average Londoner has seen their rent rise from £966 to £1,295 a month.
