Rents rose by an average of 1.7% last year, slowing from growth of 3.8% in 2015 and an indication that the affordability ceiling may be about to be hit.
The HomeLet Rental Index showed the average rent for a new tenancy rose to £892 at the end of 2016, from £877 a year earlier.
HomeLet chief executive Martin Totty said that while demand continued to be strong, landlords had to take note of a tenant’s ability to pay increased prices.
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