Average annual rental growth slows in UK according to Homelet
April 20, 2017
Data from the latest Homelet Rental Index March 2017 reveals average rents in the UK continue to see a slower rate of rental growth compared to last year.
The report highlights that for March 2017 the average UK rental value was £904pcm – this is 1.1% higher than the same period last year (£894pcm).
In the report they also state: Since July 2016, rents in Greater London have seen a slower pace of annual growth compared to last year, the average rental value in Greater London is £1,546pcm – this is 1.2% higher than the same period last year.
In March 2016, the annual growth rate for average rental values in Greater London was 6.8%.
Read the Homelet Rental Index March 2017 report in full including data click here.
You May Also Enjoy
How to market to Estate Agents UK
The UK’s property sales and letting industry is quite sizable in both volume of work and those employed within. Some 25 million dwellings in England alone exist and there were estimated to be approximately 55,500 estate agents working in the United Kingdom as of the second quarter of 2024. Up and down the country, in…
Read More 
Preventative Measures to Reduce the Risk of Emergencies in a Rental Home
Ensuring that a rental home is safe and well-maintained is essential for both landlords and tenants. Emergencies in a rental property can lead to significant stress, financial loss, and potential damage. However, by implementing preventative measures, landlords and tenants alike can reduce the risk of emergencies and create a safer living environment. This guide provides…
Read More 
Understanding the Metrics Used by Estate Agents to Determine Your Home’s Worth
Determining the value of a property can sometimes feel like a complex process shrouded in mystery. However, understanding the various metrics and considerations that estate agents use to assess your home’s worth can demystify the process and empower you as a homeowner. This blog will provide a comprehensive guide to the key factors estate agents…
Read More 
Breaking Property News 15/11/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Digital transformation of real estate drives profitability Press Release – London 14th November 2024 – Following the October budget, estate agents across the UK are seeking new ways to adapt to an evolving property market. Rising costs and shifting buyer expectations have driven a need…
Read More 
Labour’s Vision for Homeowners and Renters: Key Changes to Expect
The UK housing market continues to be a complex and often challenging landscape for both homeowners and renters. Labour’s vision for housing reform aims to address longstanding issues in affordability, security, and sustainability, setting out a series of policy proposals that could reshape the property market. Whether you are a homeowner, a renter, or an…
Read More 
The pros and cons of renting to students: is it the right choice for you?
Student properties are no different in term of quality and facilities than any other type of private rental. And although landlords may have to spend a fair amount on setting up and properly maintaining student lets, they can also charge a good market rent. To help you decide whether letting to students might be worthwhile…
Read More