Gap in rents between north and south England ‘smallest on record’, letting agent finds

Rents in the north of England have surged by almost half since Covid, Hamptons found. But the increase in the south was just 34% over the same period.

A 'to let' sign outside a home in the Chelsea area of London where rents have soared since Covid (image: Chris Ratcliffe/Bloomberg via Getty Images)
Rents have soared in the north of England, new Hamptons data has shown (image: Chris Ratcliffe/Bloomberg via Getty Images)
(Image credit: Chris Ratcliffe/Bloomberg via Getty Images)

The gap between rents in the north and south of England has fallen to its lowest level in more than a decade, the latest Hamptons Lettings Index has shown.

Covering the month of August, the letting agent’s research has found that the average rent in the north of the nation is almost 10% up year-on-year - outpacing the 5% growth seen in the south. This has closed the price gap between the areas to 37% (£357), which is the smallest difference since Hamptons began its index in 2013.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

Henry Sandercock has spent more than eight years as a journalist covering a wide variety of beats. Having studied for an MA in journalism at the University of Kent, he started his career in the garden of England as a reporter for local TV channel KMTV.

Henry then worked at the BBC for three years as a radio producer - mostly on BBC Radio 2 with Jeremy Vine, but also on major BBC Radio 4 programmes like The World at One, PM and Broadcasting House. Switching to print media, he covered fresh foods for respected magazine The Grocer for two years.

After moving to NationalWorld.com - a national news site run by the publisher of The Scotsman and Yorkshire Post - Henry began reporting on the cost of living crisis, becoming the title’s money editor in early 2023. He covered everything from the energy crisis to scams, and inflation. He also has bylines in MoneyWeek.