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Revealed - how much rents went up in your area in 2021

One of the major lettings market indices has produced figures showing how much rents rose in 2021.

HomeLet says the average rent in the UK is now £1,060; this is up by 8.3 per cent on the same time last year.

When London is excluded the average rent in the UK is now £893, which is up by 6.6 per cent on last year. 

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Average rents in London by the end of 2021 were £1,752, an increase of 12.6 per cent on December 2020 - this was the largest regional increase, although there were rises in each region.

In December as a solo month, the South West saw the largest rise - up 2.0 per cent to £983 per calendar month.

Commenting on the latest data, Andy Halstead -  HomeLet  and Let Alliance chief executive officer - says: “2021 ended with an imbalance between supply and demand, and this is a trend that we are expecting to continue into 2022. This trend will almost certainly lead to a continuation of rental price growth as the year develops. 

“We have again seen the government focus on the rental sector, with the Renter’s Reform Bill [expected soon] likely to abolish Section 21 - the clause which gives landlords the option to end ‘rolling’ tenancies with two months’ notice without giving a reason. 

“We have repeateadly seen the government make things harder for landlords, who are already the cornerstone of the rental market upon which the UK relies so heavily. Increased legislation for landlords is putting the rental sector at risk, and the UK government must reconsider. 

“As a final point, we have seen a rise in tenancy fraud in recent times. We’re seeing an increase in volume and sophistication, at a time when the risks and legislation landlords face are growing. To counter this, it is imperative that we see a higher quantity of professional letting agents.” 

Final rental figures from the December 2021 HomeLet Rental Index:

Region 

December-2021 

November-2021 

December-2020 

Monthly Var 

Annual Var 

Greater London 

£1,752 

£1,757 

£1,556 

-0.3 % 

12.6 % 

Northern Ireland 

£724 

£737 

£651 

-1.8 % 

11.2 % 

North West 

£844 

£835 

£772 

1.1 % 

9.3 % 

Wales 

£736 

£742 

£679 

-0.8 % 

8.4 % 

Yorkshire & Humberside 

£737 

£736 

£682 

0.1 % 

8.1 % 

North East 

£580 

£575 

£539 

0.9 % 

7.6 % 

Scotland 

£738 

£740 

£687 

-0.3 % 

7.4 % 

West Midlands 

£786 

£785 

£735 

0.1 % 

6.9 % 

East Midlands 

£742 

£729 

£694 

1.8 % 

6.9 % 

South West 

£983 

£964 

£924 

2.0 % 

6.4 % 

East Of England 

£1,031 

£1,030 

£983 

0.1 % 

4.9 % 

South East 

£1,123 

£1,129 

£1,085 

-0.5 % 

3.5 % 

UK 

£1,060 

£1,058 

£979 

0.2 % 

8.3 % 

UK excluding Greater London 

£893 

£889 

£838 

0.4 % 

6.6 % 

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.

  • icon

    As more LLs leave the sector rents will continue to rise - basic economics of supply and demand.

    Eventually all the LL-haters will realised that we are a necessary part of the housing landscape but by then the damage will be done.

    Theodor Cable

    I rather like the idea of rent increases.
    I will get more income.

    Bring it on asap please.

     
  • icon

    I haven’t seen any rent increase most are the same or less than 10 years ago, I see one of my houses hasn’t gone up in 19 years still £1500pm even though I had the every cost of compliance thrown at me including HMO License twice now due again fact I have the evidence, worse still I had a Deposit back then not now. Why is so much hype and untruths being told about us. I now see a Survey about changing the name Landlords they want us to loose our identity completely and disappear into oblivion. Hardly surprising I suppose so much nonsense, with media rubbish going on, many are not sure what gender they are anymore, don’t want us to call a woman a lady, a man a man or a landlord a landlord.

    Theodor Cable

    I demand and get a 3.5% increase every year.
    If they don't like it, they can leave.
    It is in the contract.

     
  • icon

    I re let 3 properties last year, all 3 saw an increase in rent of between £150 & £200 per month, I am presently marketing another property also rent increased by £200 per month and with strong interest out there , it's not greed, all these properties will need at least £10k spent on them to get to a C rating in the next 2 or 3 years, so we can blame Lady Nut Nuts and her husband in number ten for these and many more rent increases that are coming along fast.

  • Suzy OShea

    How interesting that all these surveys just talk about rent increases without mentioning that properties in central London in 2020 were hit with a 20-30% reduction in rental yields thanks to the dislocations caused by COVid19.

    Added to that, this Tory government forced landlords to bank roll their non-paying tenants and extended the notice period from an already onerous two months to six months, which may yet happen again, depending on the conditions of this or future pandemics.

    If you include utilities in the rents landlords are facing more than 100% increases in these charges due to extra usage as everyone stays home and heats all day and night and the huge increases in the price of gas due to its scarcity.

    Then there are all the other costly changes in required of Landlords.

    Small wonder that some rents are now recovering ground lost to COVID's depredations in 2020. Whether they have actually returned to or gone beyond COVID-year levels remains to be seen. I suspect not given the increasing costs.

  • George Dawes

    If only

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