Average UK rents rose by 1.8% compared to same month a year previous according to Homelet
July 11, 2018
The latest Homelet Rental Index Report – June 2018 reveals that average rents across the UK rose by 1.8% in June 2018 when compared to the same month a year previously.
The average UK monthly rent now stands at £924 for June 2018, when London is excluded, the average UK rental value was £767 in June 2018, according to Homelet.
The Homelet Rental Index Report states: Rents in London increased by 4.7% in June 2018 than in the same month of 2017; the average rent in the capital now stands at £1596 a month.
Read the Homelet Rental Index report – June 2018 in full click here.
You May Also Enjoy
Section 21s continue to rise ahead of looming ban
The latest research industry insight from LegalforLandlords Section 21 “no-fault” evictions continued to rise in 2025, increasing by 1.7% following a sharp 20.4% surge the previous year. This sustained growth highlights landlords’ continued reliance on Section 21 notices, raising important questions about how possession will be regained once they are outlawed under the Renters’ Rights Act,…
Read More 
Rightmove house price data showing a 0.8% month on month increase
Commenting on the latest Rightmove house price data showing a 0.8% month on month increase, Daniel Austin, CEO and co-founder at ASK Partners, said: “Today’s rise in UK house prices points to underlying resilience, but momentum remains constrained by affordability pressures and a ‘higher for longer’ interest rate environment. While recent rate cuts signal easing…
Read More 
Canary Wharf tops the London Marathon route
The latest insight from property management specialist Rushbrook & Rathbone has found that E14 is the strongest postcode along the London Marathon route for landlords looking to invest in the capital’s rental market, delivering an estimated average yield of 6.6%. Rushbrook & Rathbone analysed current asking house prices and rents across postcode districts spanning the London…
Read More 
46% surge in remortgaging activity in Q1
Stonebridge Mortgage Market Index Overall mortgage activity rose 24.6% in Q1 while applications for home purchase softened Stonebridge today relaunches its Mortgage Market Briefing as a quarterly Mortgage Market Index The volume of remortgage applications surged 46% in Q1 prompting overall mortgage activity to jump by a quarter, Stonebridge can reveal. The mortgage…
Read More 
Housing market remains steady despite higher mortgage rates
The housing market remains steady so far in April despite higher mortgage rates due to global uncertainty. Average new seller asking prices rise by 0.8% (+£2,929) in April to £373,971. This is consistent with February and March, but is below the long-term average for April. The average two‑year fixed rate has risen to 5.42%, from…
Read More 
Housing market springs back into life
The latest research by Yopa reveals that as Spring begins, 6.3% more homes are on England’s housing market today compared to the start of the year, with some counties seeing increases of more than 16%, showcasing growing seller confidence in a market that is on the up. Yopa has analysed residential listings data from March…
Read More