In the last month, property prices averaged £1,166, up from £1,103 in April 2023.
The South West saw the most significant rent increase, up 11% from last year to an average of £1,184 per property.
In Greater London, rents increased by 3% compared to 2023. Across England, rents rose by 0.6% from March to April, reaching £1,166.
The East Midlands experienced the most significant month-on-month increase, with rents up nearly 3% compared to March.
Only two regions saw rent reductions, with the West Midlands down 1% and Greater London down 0.15%.
As expected, Greater London had the highest rents at £1,951, while the North East had the lowest at £863 per month.
Void periods remained steady, averaging 19 days in April, up one day from March.
Only Greater London saw a decrease in voids, dropping from 16 to 15 days in April.
The average void period in April 2024 matched that of April 2023, indicating stability despite fluctuating rental prices.
Find Out More: Do you want to invest in buy-to-let property? Check out our guides on creating a property investment business plan and buying more than one property.
