Rents in UK rose by 2.1% for October compared to same month last year according to Homelet
November 9, 2018
The latest HomeLet Rental Index – October 2018 reveals that rents in the UK rose by 2.1% in October compared to the same month a year ago.
The report also reveals that the average monthly rent now stands at £928 a month. When London is excluded, the average UK rental value was £768 in October 2018, this is up 1.7% on last year.
The average rents in London (£1,619) were 110.8% higher than the rest of the UK according to Homelet.
Read the Homelet Rental Index report – October 2018 in full click here.
You May Also Enjoy
Property Networking in London
Are you looking to network with more property professionals in London? There are many ways in which you can from live networking events to using social media. Let us take a look at some of the latest property networking methods used successfully in 2025: A simple search on Google for ‘property networking in London‘ will…
Read More 
New wave landlords: Under 35s driving property market by prioritising investment over homeownership
New expert insight shows that younger people (25-34 year olds) are investing in property at record levels and are opting to invest in property over purchasing their own residential homes. Leading estate agents John Minnis say that an increasing number of young people are investing their earnings, working capital and inheritance in property more than…
Read More 
Is Your Real Estate Website Built to Sell? 6 Signs It’s Time for a Redesign
In the current real estate market, initial impressions are formed online. Long before they enter your office, clients scroll, examine, and glance through listings. The important issue is whether your real estate website is truly assisting in the sale of your property or if it is quietly diverting prospects to other sources. A website that…
Read More 
Zoopla reveals the fastest moving UK markets as over half of homes in England and Wales sell within two months of listing
Homes in England and Wales spend an average of 36 days on the market, with 52 per cent selling within the first two months of listing Homes in affordable regions, like the North West and North East, are selling the fastest, with Manchester, Carlisle, Stockport, Gateshead, Newcastle upon Tyne and Halton in the top ten…
Read More 
UK house prices grow by 1.4% according to Rightmove
Commenting on UK house prices showing an annual rate of growth of 1.4% according to Rightmove data, Tom Brown, Managing Director, Real Estate at Ingenious, said: “Today’s data shows that the resilience and appeal of the UK property sector persist. Though we have seen higher inflation and sticky borrowing rates, we welcome the BoE’s recent…
Read More 
Rightmove House Price Index: New record asking price with resilient activity despite stamp duty increase
The average price of property coming to market for sale rises by 1.4% (+£5,312) this month to a new record of £377,182. This is a larger-than-usual April price increase, despite a decade-high number of homes for sale for the time of year A snapshot of the post-stamp-duty-increase market suggests movers are carrying on and have…
Read More