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Graham Awards


Good news - rents up sustainable 2% and London doing well at last

The average rent in the UK is now £919, up two per cent on the same time last year according to the latest figures from HomeLet.

When London is excluded, the average rent in the UK is £763, up by 1.3 per cent annually.

Average rents in London are 72 per cent more than the rest of the UK at £1,586, up 5.6 per cent over the past 12 month, despite a recent drop. 


London’s annual rise is the highest regional year-on-year increase identified by HomeLet this month, while the region with the largest month-on-month increase is the North East, up 1.9 per cent in just over four weeks. 

But in the past month HomeLet says rents have fallen in five regions - Greater London, Scotland, the West Midlands, the East Midlands and the South West.

The five London boroughs with the highest average absolute rents are Westminster, Camden, Lambeth, Kensington & Chelsea, and - perhaps surprisingly - Tower Hamlets. 

The five lowest are Croydon, Barking, Waltham Forest, Bexley and Greenwich.


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