Rental prices are continuing to rise across all regions of the UK, the latest findings from the HomeLet Rental Index reveal.

This is the second month in succession and only the fourth time in history of the Index – previously in October 2014 and once in December 2010 – that rent prices in every region of the UK have increased simultaneously.

The HomeLet Rental Index figures for June 2015 show that rent prices across the majority of the UK are rising. The average rent price across the UK (excluding London) now stands at £747 per month for the three months to June 2015, an increase of 7.8 per cent against the same period last year, when the average UK rent, excluding London, was £692 per month.

The highest rents continue to be recorded in the capital, where the average rent on a new tenancy now stands at a record high of £1,515 per month, up 10.1 per cent compared to a year ago. This rise is owed party to the fact that a growing number of tenants are moving into London, according to the report.

Wakefield, Coventry, Brighton and Nottingham were also identified as ‘hotspots’ where tenants new to the area account for the largest proportion of new tenancies signed.

Commenting on the report, Martin Totty, Chief Executive Officer, Barbon Insurance Group, parent company ofHomeLet, said, “The HomeLet Rental Index paints a fascinating picture: it reveals several hotspots around the country that are attracting and retaining tenants. For example, with its proximity to the burgeoning local economy of Leeds, Wakefield is an attractive and affordable location for tenants to move to. Meanwhile, cities such as Birmingham and Bristol appear to be ‘must stay’ locations, with tenants increasingly choosing to settle and stay in these cities, and continuing to choose to privately rent property in order to do so.”

He added, “While the London rental market continues to be popular, with the capital inevitably drawing in large numbers of people, it’s not the only part of the country attracting incomers, with tenants also choosing cities such as Nottingham, Brighton and Coventry.”