UK rents increase in July according to Homelet
September 4, 2017
The latest Homelet Rental Index July 2017 reveals that rents in the UK rose by 1.1% for the month.
Rental price inflation has returned in the UK according to Homelet, rising by 1.1% in July compared to the same month a year ago, the first increases seen for three months; the average monthly rent now stands at £925.
London saw rents fall by 0.6% in July this year, the capital continues to lag the UK as a whole, the average monthly rent in the capital now stands at £1,564.
HomeLet’s July Rental Index reveals that rents rose in nine out of the 12 regions of the UK covered by the research.
Read the Homelet Rental Index July 2017 in full with data click here.
You May Also Enjoy
Only one in six landlords ‘fully prepared’ for Renters’ Rights Bill
Only one in six landlords (16%) say they are ‘fully prepared’ for the implementation of the controversial Renters Rights Bill in the coming weeks. The remaining 84% have either not heard of it at all (7%), are aware of it but don’t know what it means for them (29%), have heard of it but know…
Read More 
Grass Types and Striping Suitability: Choosing the Right Turf for a Striped Lawn
A beautifully striped lawn is one of the most visually satisfying features of any garden. Those alternating light and dark lines, extending across the grass like an emerald barcode, elevate even the simplest outdoor space into something that looks expertly maintained. Yet, as many gardeners quickly discover, not all lawns produce stripes with the same…
Read More 
London’s private school postcodes command hefty premiums
The latest research from London lettings and estate agent, Benham and Reeves, has revealed that homes within close proximity to some of the capital’s most prestigious private schools command property price premiums of more than 60% compared to their wider local authority averages. Benham and Reeves analysed average house prices in postcode districts where independent schools…
Read More 
Mortgage approvals climb for third month in a row
Mortgage approvals on house purchases for July sat at 65,352 up (+1.2%) from 64,571 in June. This signals three consecutive months of growth. Approvals are also up (+4.6%) when compared to the 62,489 seen in July 2024. This growth is positive, and there is optimism for continued growth in the coming months, especially if further…
Read More 
Bank of England Money and Credit – July 2025
Key points: Net borrowing of mortgage debt by individuals decreased by £0.9 billion to £4.5 billion in July, compared to a £3.2 billion increase to £5.4 billion of net borrowing in June. Net mortgage approvals for house purchases increased by 800 in July, to 65,400. Approvals for remortgaging decreased by 2700 in July, to 38,900.…
Read More 
Prime London buyers could see discounts of upto £500k
Prime London buyers could save half a million pounds in Reeves tax overhaul, with seller tax taking 15 years to equal current upfront costs. The latest research from Jefferies London shows that whilst the average London buyer stands to save £16,250 on Stamp Duty Land Tax (SDLT) should it be removed, those purchasing at the very…
Read More