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Rents fall in South West

The South West has bucked national trends on rents Credit: Andrew Matthews/PA Wire/Press Association Images

Rents on homes in the South West have fallen by nearly 2% in the past year, bucking the national trend. That's according to the LSL Property Network, owners of chains including Your Move and Reeds Rains.

Nationally, monthly rents increased by 2.9% in the year to August, rising to a typical rent of £734. But in the South West rents fell by 1.9% to £633. Rents have reached a new high in other areas, buoyed by graduates looking for homes in addition to would-be homebuyers who can't raise a mortgage.

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