By using this website, you agree to our use of cookies to enhance your experience.


UK rents up 2.5% in a year, says HomeLet

The average cost of renting a property in the UK increased by 2.5% in the 12 months to January, the latest figures shows.

The HomeLet Index, which is based on new lets agreed by landlords and agents using its referencing service, reveals that the average rent in the UK is now £932 per calendar month (pcm).

When London is excluded, growth, in percentage terms, was actually a lower rate of 2% year-on-year, with the average rent in the UK, without the capital, now stood at £775pcm.


Unsurprisingly, average rents in London remain the most expensive in the UK, at an average of £1,588pcm, which is up 3.7% on last year.

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

Rents in January increased in 11 of the 12 regions monitored by HomeLet, with only 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.



Please login to comment

MovePal MovePal MovePal
sign up