Rents in London increased by 4.5% in April 2018 than in the same month of 2017 according to Homelet.

May 8, 2018

Latest Homelet Rental Index report – April 2018 data, released today reveals that average rents across the UK rose by 1.5% in April 2018 when compared to the same month a year previously; the average monthly rent is now £918. When London is excluded, the average UK rental value was £761 in April 2018, this is up 0.9% on last year.

Rents in London increased by 4.5% in April 2018 than in the same month of 2017; the average rent in the capital now stands at £1588 a month according to Homelet.

According to Homelet UK Regional Breakdown, Wales was the only region to see a reduction in new rents between April 2017 and April 2018, rents rose in 9 out of the 12 regions covered in the research.

Read the Homelet Rental Index report -April 2018 data in full click here.

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Breaking News

Inheritance Tax Receipts raise £0.8 billion in one month

Inheritance tax receipts hit £0.8 billion in April 2025 according to data released by HM Revenue and Customs (HMRC) this morning. This is £97 million higher than in April of the previous tax year, and continues an upward trend over the last two decades. With such a strong start to the new tax year, predictions that Inheritance tax…
Read More →
Breaking News

Zoopla research reveals homeownership outranks marriage as top priority for UK adults

A new survey from Zoopla reveals that 48 per cent of UK renters in a relationship are prioritising saving for a home over a wedding, with this figure rising to 59 per cent amongst Gen Z The financial pressures of saving for a home have resulted in a fifth considering postponing marriage in favour of…
Read More →
Breaking News

London rental market rebalances amid rising supply

Foxtons data shows There was a 5% increase in market supply in April, and a 9%, increase in market supply of new instructions year to date The average rent in April 2025 increased by 3% to stand at £589 per week April saw a 3% month-on-month reduction in applicant registrations, which goes against the trend…
Read More →
Love or Hate Rightmove
Breaking News

Rightmove’s Weekly Mortgage Tracker

Average rates for 2-year and 5-year fixed-rate mortgages   Term Average rate Weekly change Yearly change 2-year fixed 4.60% -0.02% -0.84% 5-year fixed 4.58% -0.02% -0.48% Lowest rates for 2-year and 5-year fixed-rate mortgages   Term Lowest rate Weekly change Yearly change 2-year fixed 3.72% +0.00% -1.03% 5-year fixed 3.78% +0.00% -0.56% Average fixed-term mortgage…
Read More →
Estate Agent Talk

Streamlining Property Documentation for Fast Transactions

Property transactions often stall due to paperwork bottlenecks. Missing documents, hard-to-read files, and format incompatibilities can turn straightforward sales into lengthy ordeals. For estate agents, property managers, and solicitors, these delays mean unhappy clients and lost revenue. Efficient document management sits at the centre of smooth property transactions. Converting files between formats quickly ensures that…
Read More →
Breaking News

Breaking Property News 21/05/25

Daily bite-sized proptech and property news in partnership with Proptech-X.   Welcome to the first instalment of a 52-week exploration into the intersection of data and digital infrastructures, tenant experience, and operational performance in commercial real estate. Andrew Stanton CEO Proptech-PR & Editor of Proptech-X  – ‘Over the past nine years I have worked 1:1…
Read More →