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.