2.5% rental inflation for the last year

HOMELET’s Rental Index figures for January 2019 have been released. The headlines from this month’s report are:

The average rent in the UK is now £932, up by 2.5% on the same time last year

When London is excluded, the average rent in the UK is now £775, this is up by 2% on last year

Average rents in London are now £1,588, up by 3.7% on last year

The region with the largest year-on-year increase is the South West, showing a 5.1% increase between January 2018 and January 2019

The North East is the only region of the 12 monitored by HomeLet that showed a decrease in rental values between January 2018 and January 2019

As the UK’s largest tenant referencing firm, HomeLet reference over 500,000 tenants every year. The HomeLet Rental Index provides the most comprehensive and up-to-date data on rental values in the UK.

The trends reported within the HomeLet Rental Index are brand new tenancies, which were arranged in the most recent period, providing an in-depth insight into the lettings market.

Head to https://homelet.co.uk/homelet-rental-index/ for more information.