Homelet Rental Index (MAY) reveals rents continue to rise.
June 8, 2016
The May 2016 HomeLet Rental Index reveals that rents continue to rise in almost every area of the country, with 11 out of the 12 regions surveyed seeing an increase over the three months to the end of May, however the pace of rent rises is now beginning to moderate, particularly compared to a year ago.
Rents continue to rise over three months to May 2016 though increases slow more in line with house price growth.
Average rent in the UK (excluding Greater London) is now £771 per month, 4.4% higher than a year ago; average rent in London now £1,563, up 6.2%
Scotland leads the way with rents rising faster than in any other part of the country.
Read the Homelet Rental Index in full for May 2016 click here
You May Also Enjoy
Stay Safe With Aluminum Ladders: 5 Facts About Lightning Attraction
Whether redecorating, putting items away in storage, or cleaning windows, there are many reasons why you may need ladders. They’re likely an item you have tucked away in your garage or, if a contractor, a tool you carry to and from work. Although highly beneficial, it’s essential to use this device correctly. Why? Aluminum is…
Read More 
Some Instances Where Landlords Are Liable for Slip and Fall Accidents
In bustling urban environments, slip-and-fall accidents can disrupt lives, leading to injuries and legal complexities; landlords are responsible for maintaining safe premises. From icy sidewalks to poorly maintained staircases, instances where landlords may be held accountable for slip and fall accidents are diverse and nuanced. Understanding these scenarios is a matter of legal obligation and…
Read More 
Sales agreed up 12% on last year despite annual mortgage costs 61% higher than 2021
UK house prices broadly static but sales volumes are up 12% year on year UK house price inflation unchanged from last month at -0.2% Almost two thirds (64%) of all homes are in local markets with annual price falls, down from 82% last October with a clear north-south divide emerging. Higher mortgage rates continue to…
Read More 
Understanding House Value in the UK: A Simple Guide
Everyone talks approximately assets expenses, from the records headlines shouting about the contemporary marketplace traits for your friends debating whether or no longer now is the proper time to shop for or sell. It might possibly appear to be a jumble of numbers and possibilities, but at the heart of it, knowledge house cost isn’t…
Read More 
What does latent defects insurance cover?
When a building is insured during the construction phase, coverage doesn’t necessarily end once the final brick has been laid. Failures and problems with design and workmanship can go unnoticed for several months or even years, leading to larger issues while someone occupies the building. Fixing such large structural defects can be extremely costly, so…
Read More 
Breaking Property News – 24/04/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Smart Spaces delivers the world’s first implementation of HID’s mobile credentials in Google Wallet at Workspace Mobile access control integration makes entry to The Light Bulb building effortless for customers London, April 23, 2024 – Smart Spaces announces today that it has partnered with trusted identity provider,…
Read More