Average rents increased in Q4 2016 according to Belvoir.
April 3, 2017
The latest Belvoir Rental Index Report for Q4 2016 is now published on their website. Belvoir Lettings is one of the UK’s largest specialist residential lettings agencies with over 150 offices nationwide and a 20+ franchise support team based at Central Office in Grantham.
Belvoir report that the National Rental Trend for offices in England, Scotland and Wales that have been trading consistently over the last eight years, that the data indicates rental increases of just over 1.25%, year on year, from £734 in Q4 2015 to £744 in Q4 2016. When comparing the Q4 2016 average rent to the 2015 annual average of £722, this shows a 3% increase.
For the offices in England, Wales and Scotland, including all new Belvoir offices, the average rent for Q4 2016 is £799 per month,compared to the Q4 2015 average, shows a year on year increase of just under 3.75%. Comparing the Q4 2016 average to the 2015 annual average, this shows increases of around 4.5%.
Read the Belvoir Q4 2016 Rental Index Report in full, by region and county including data, click here.
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