Average UK rent up 2% to £936 – Homelet

by Property 118

11:24 AM, 13th May 2019
About 2 weeks ago

Average UK rent up 2% to £936 – Homelet

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Average UK rent up 2% to £936 – Homelet

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

-The average rent in the UK is now £936, up by 2.0% on the same time last year

-When London is excluded, the average rent in the UK is now £775, this is up by 1.8% on last year

-Average rents in London are now £1,617, up by 1.8% on last year

-The region with the largest year-on-year increase is the South East, showing a 3.2% increase between March 2018 and March 2019

-Of the 12 regions monitored by HomeLet, all showed an annual increase in rental values except the North East, which showed a decrease of 1.1%

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.



Comments

Kevin Thomson

12:33 PM, 13th May 2019
About 2 weeks ago

taken as a whole these figures conflict and make no sense....

'-The average rent in the UK is now £936, up by 2.0% on the same time last year

-When London is excluded, the average rent in the UK is now £775, this is up by 8% on last year

-Average rents in London are now £1,617, up by 8% on last year

-The region with the largest year-on-year increase is the South East, showing a 3.2% increase between March 2018 and March 2019'

Old Mrs Landlord

14:12 PM, 13th May 2019
About 2 weeks ago

I have checked the source and the figures don't make sense because this post erroneously shows 8% where it should show 1.8%. 8% increase year on year? - I wish!

Old Mrs Landlord

14:13 PM, 13th May 2019
About 2 weeks ago

I have checked the source and the figures don't make sense because this post erroneously shows figures of 8% where it should show 1.8%. 8% increase year on year? - I wish!

Neil Patterson

14:20 PM, 13th May 2019
About 2 weeks ago

Oooops my bad ! It's a typo and you are absolutely correct it should be 1.8%.
In my defence I didn't get back from holiday until 4am this morning zzzzzzzz 🙂

Old Mrs Landlord

18:56 PM, 13th May 2019
About 2 weeks ago

The person who never made a mistake never made anything Neil. Good to see it's been corrected, but worth mentioning these figures show that rents are still not keeping pace with general cost of living inflation. Hope you had a good holiday.

Anthony Richard

9:46 AM, 19th May 2019
About 6 days ago

So, rents not keeping pace with inflation, is in effect reducing already tight profits further. It won’t do, just won’t do, anyone with half a brain must realise rents must go higher or LL’s will continue to exit. Except of course Corbyn poor fellow, who is welded to rent-capping and other delusions all adding to his favoured ‘momentum’ to housings race to the bottom. Yep, the real crisis is a coming!


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