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UK rent sees 2.5% year-on-year rise in January

Posted on Sunday, February 17, 2019

Updated on Sunday, February 17, 2019

The latest rental data released by HomeLet has revealed that, during January, rents in the UK rose by 2.5% against the same month a year ago. HomeLet data reveals that the average monthly rent now stands at £932 a month.

According to the figuers, rents in London increased by 3.7% in January this year compared to January 2018; the average monthly rent in the capital now stands at £1,588 a month. When London is excluded, the average UK rental value was £775 in January 2019, this is up 2.0% on last year

The Rental Index reveals that rents rose in 11 of the 12 regions of the UK