The latest lettings market snapshot by referencing firm HomeLet shows the average rent in the UK is now £947.
This is up by a modest 3.2 per cent on the same time last year.
When London is excluded, the average rent in the UK is now £784 - also up by 3.2 per cent on last year
Meanwhile average rents in London are now £1,665 - the result of yet another 3.2 per cent rise on last year.
All 12 of the regions monitored by HomeLet show an increase in rental values between November 2018 and November 2019.
However all 12 also saw a slight decrease in the single month from October 2019, with the exception of Wales and the North East which saw an increase of 1.1 and 0.4 per cent respectively, and the East Midlands which remained unchanged.
The region with the largest year-on-year increase is Wales, showing a 5.2 per cent increase between November 2018 and November 2019.
The trends reported within the HomeLet index are brand new tenancies, which were arranged in the most recent period.
The lettings market continues to boom, with HomeLet’s latest index showing...
The average UK rent now stands at a record £1,007 per...
The average rent in the UK, measured just before the turn...
The average rent in the UK is now £940 per month,...
When we talk in general terms about the UK housing market,...
The plight of the nation’s first-time buyers may be the focus...
Dog-owning house buyers who want to live in areas of abundant...
You don’t have to simply accept things as they are when...
%20-%20IMAGE%20Client%20Accounting%20%E2%80%93%20what%20are%20your%20options.jpg)
The benefits for letting agents to outsource their client accounting is...
Let's be honest – landlords are the lifeblood of any letting...
.png)
I think we can all agree that the National Trading Standards...
Houses in Multiple Occupation are making up an increasing percentage of...
A lettings agency has been expelled from The Property Ombudsman scheme...
The government has written to Conservative MPs promising changes to the...
There’s been at most a one per cent reduction in landlords...
Tenant groups and charities reacted angrily over the Easter weekend to...
The government has written to Conservative MPs promising changes to the...
Who are you and what does it say on...
Who are you and what does it say on...
Who are you and what does it say on...
Join the conversation
Be the first to comment (please use the comment box below)
Please login to comment