The average cost of renting a property in the UK increased by 1.6% in the 12 months to May, according to the latest figures.
The HomeLet Index, which is based on new lets agreed by landlords and agents using its referencing service, shows that the average rent in the UK is now £934 per calendar month (pcm).
When London is excluded, growth, in percentage terms, was actually a slightly higher rate of 1.7% year-on-year, with the average rent in the UK, without the capital, hitting £776pcm.
Unsurprisingly, average rents in London remain the most expensive in the UK, at an average of £1,602pcm, which is up 1% on last year.
According to the data, the region with the largest year-on-year increase is Northern Ireland, showing a 4.9% increase between May 2018 and May of this year.
Rents in May increased in 10 of the 12 regions monitored by HomeLet, with just Yorkshire and Humberside and the North East seeing a decrease in rental values.
Want to comment on this story? If so...if any post is considered to victimise, harass, degrade or intimidate an individual or group of individuals on any basis, then the post may be deleted and the individual immediately banned from posting in future.
The latest lettings market index shows another big rise - with...
The latest HomeLet market index shows that the average rent in...
The latest HomeLet rental index suggests that the average rent in...
The vast majority of tenants are unaware of new laws introduced...
Despite the recent tax crackdown, buy-to-let continues to look an attractive...
The property market had enjoyed a boost thanks to the outcome...
The management of BTL properties, whether it's a modest collection of...
We are thrilled to report that the first National Landlord Investment...
If interest rate rises weren’t enough to drive landlords out the...
Landlords play a crucial role in providing safe and comfortable housing...
Private landlords applied for licences covering more than 12,000 homes during...
A council has prosecuted a landlord for letting out two HMOs...
A council is looking to work with more private landlords to...
Another council is looking for landlords with rental properties to match...
.png)
Landlords and renters’ activists are at either end of the spectrum...
A prominent lettings sector expert is blaming the media for anti-landlord...
Who are you and what does it say on...
Who are you, and what does it say on...
Who are you? I am the Head of Broking for...
Join the conversation
Be the first to comment (please use the comment box below)
Please login to comment