The average rent in the UK is now £940 per month, up 3.8 per cent on this time last year.
When London’s high rent average is excluded, the typical rent in the UK is now £782 0- that’s a 3.2 per cent increase on last year.
Meanwhile in London itself rents are now a monthly £1,599 on average - a 4.0 per cent rise on the figure this time in 2018.
These figures come from HomeLet, the country’s largest tenant referencing firm which also conducts a monthly market snapshot of the whole sector.
It says the region with the largest year-on-year increase is the South West, showing a 7.7 per cent increase between January 2018 and January 2019, the latest figures available.
All 12 of the regions monitored by HomeLet show an annual rise.
The regional picture is:
Scotland - average rent £653 pcm, up 3.3 per cent annually
Northern Ireland - £638, up 1.1 per cent
Yorkshire & Humberside - £635, up 1.6 per cent
North West - £707, up 2.8 per cent
East Midlands - £625, up 1.0 per cent
West Midlands - £694, up 2.7 per cent
East of England - £915, up 0.9 per cent
Wales - £616, up 3.9 per cent
Greater London - £1,599, up 4.0 per cent
South West - £868, up 7.7 per cent
South East - £1,046, up 5.1 per cent
The trends reported within the HomeLet Rental Index are brand new tenancies.