Reports are encouraging for the buy-to-let market for 2012. Despite house prices still falling or at least not moving, rental demand is still high and so rent prices look as though they will remain high.
In fact the average rent for England and Wales over the last year has risen by nearly 4% according to the LSL Buy to Let Index, and analysts think rental growth will continue next year. November saw the first fall in rental rates this year, by 0.4% meaning the average rent was £717. But this was probably a seasonal reflection with landlords hoping to avoid having any properties vacant over the Christmas period.
Obviously there are quite dramatic regional differences, with the cheapest rent being in the North East at £514 in November, whilst London rents averaged a staggering £1033. The South East and East of England averaged £741 and £744 respectively.