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Average monthly rent across UK for May 2018 now stands at £919 according to Homelet

Latest Homelet Rental Index – May 2018  report reveals that average rents across the UK rose by 2.0% in May 2018 when compared to the same month a year previously. The average monthly rent now stands at £919.

When London is excluded, the average UK rental value was £763 in May 2018, this is up 1.3% on last year according to Homelet.

The report states: Rents in London increased by 5.6% in May 2018 than in the same month of 2017; the average rent in the capital now stands at £1586 a month.

HomeLet’s May Rental Index reveals that rents rose in 11 out of the 12 regions covered in the research.

Read the Homelet Rental Index – May 2018 report in full click here.

 

Allen Walkey

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.

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