HOMELET’S Rental Index figures for May 2018 have been released.
The headlines from this month’s report are:
- The average rent in the UK is now £919, up by 2% on the same time last year
- When London is excluded, the average rent in the UK is now £763, up by 1.3% on last year
- Average rents in London are £1,586, up 5.6% on last year,which is the highest regional year-on-year increase identified this month
- The region with the largest month-on-month increase was the North East, showing a 1.9% difference between April 2018 and May 2018
- Whilst 11 of the 12 regions has seen a year-on-year increase in rental prices, five of the regions identified by the HomeLet Rental Index data saw rents fall from April 2018 to May 2018: Greater London, Scotland, the West Midlands, the East Midlands and the South West
As the UK’s largest tenant referencing firm, HomeLet reference 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 markets.
Attached to this email is the full report which includes:
- Average rental values in the UK
- UK regional breakdown
- Household rent to income ration in the UK
- Annual variance in average rental values by region
- Greater London vs. the UK
- Greater London ranked by borough
Head to https://homelet.co.uk/homelet-rental-index/ for more information.
For more information please visit: https://homelet.co.uk/
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