Private tenants were paying an average of 1.5% more in rent than a year ago, according to the latest data.

The average UK rent is £918 a month, says buy to let tracker Homelet.

But a more detailed breakdown shows rents fell year-by-year in the North East (-3.0%), Wales (-1.8%) and Yorkshire & Humberside (-0.2%).

The highest annual increase was in London, where rents were up 4.4% to an average £1,597 a month.

When London rent data is stripped out of the UK figures, average rents outside the capital rose by 0.9% to an average £760 a month.

Buy to let rents in London are 110% than the UK average.

In the capital, the highest rent rises were in Haringey and Islington, where tenants are paying 15.3% more year-on-year with an average rent of £1,730 a month. Several boroughs saw rents drop – Ealing (-3.5%), Barking, Dagenham and Havering (-3.4%) and Barnet and Bexley ( both -2.3%)

Renting a buy to let home was also more expensive for tenants also increased during the year to 30.8% of household earnings – up 2.6% from 12 months ago.

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UK buy-to-let rents by region – November 2018

Region Average rent Nov 2018 Average rent Oct 2018 Monthly variance Average rent Nov 2017 Annual variance
East Midlands £625 £628 -0.5% £615 1.6%
East of England £898 £908 -1.1% £894 0.4%
Greater London £1,597 £1,619 -1.4% £1,530 4.4%
North East £517 £515 0.4% £533 -3.0%
North West £694 £697 -0.4% £685 1.3%
Northern Ireland £639 £653 -2.1% £621 2.9%
Scotland £635 £647 -1.9% £620 2.4%
South East £989 £1,010 -2.1% £976 1.3%
South West £819 £811 1.0% £802 2.1%
Wales £599 £614 -2.4% £610 -1.8%
West Midlands £688 £693 -0.7% £675 1.9%
Yorkshire & Humberside £623 £631 -1.3% £624 -0.2%
         
UK £918 £928 -1.1% £904 1.5%

Source: Homelet