Most of UK sees rent rises of 2% to 5% in past year

Most of UK sees rent rises of 2% to 5% in past year


Todays other news


The latest lettings market snapshot provided by HomeLet shows that the average rent across the UK as a whole is now £953, up by 2.3 per cent on the same time last year.

When London is excluded, the average rent in the UK is now £793; this is a 2.3 per cent increase on last year.

Meanwhile average rents in London are now £1,627; over the past 12 months they have risen by 2.5 per cent. 

Nine of the 12 regions monitored by HomeLet showed an increase in rental values between January 2019 and January 2020, with four of those regions seeing an increase of more than five per cent.

The region with the largest year-on-year increase is the North West, showing a 8.7 per cent rise. 

HomeLet’s figures are based on new tenancies.

Share this article ...

Join the conversation: Login and have your say

Subscribe to comments
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Recommended for you
Related Articles
More evidence has emerged of fake tenants trying to con...
The immediate part president of ARLA Propertymark says the government...
Rental sector group iHowz has prepared a briefing paper urging...
The biggest rental sector headline from Labour’s manifesto may well...
Although much focus is on the Bank of England and...
A new Renters' Rights Bill is to be introduced into...
Recommended for you
Latest Features
PropTech big-names Reapit and Homesearch have signed a strategic partnership...
Quicklet has acquired the rental portfolio of Northern Ireland’s biggest...
A client accounting platform says customer agents will now receive...
Sponsored Content
B-hive Block Management Partners Celebrates Major Milestone With Over 100...
We’re absolutely delighted to announce that, after 10 years, we’re...
You don’t have to simply accept things as they are...
0
Would love your thoughts, please comment.x
()
x

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here