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.
The latest HomeLet rental index suggests that the average rent in...
HomeLet’s latest monthly index shows a four per cent surge in...
Rents in the UK’s private rented sector continued to increase in...
The vast majority of tenants are unaware of new laws introduced...
The property market had enjoyed a boost thanks to the outcome...
Despite the recent tax crackdown, buy-to-let continues to look an attractive...
The last year has been one which has focused attention on...
The changes to Mortgage Interest Tax Relief and impact on your...
When 2020 began one of the biggest issues most landlords faced...
In March 2020, the Home Office made a number of changes...
Two men - one a landlord, the other a shopkeeper- have...
Landlords are exiting the office on greater numbers since the government called...
A London council is running what it describes as “an innovative...
The government has announced yet another ban on bailiff-enforced evictions in...
A Labour MP has written to private landlords asking for a...
/Andy-Burnham-LAbour-400x310.png)
One of the country’s best known Labour politicians wants the eviction...
Who are you and what does it say on...
What is your name and how long have you...
Tell us about Airthings, why it was established, the...
Join the conversation
Be the first to comment (please use the comment box below)
Please login to comment