Homelet reveals average rents rose 0.7% in UK in November.

December 20, 2017

Latest Homelet Rental Index report – November 2017 data reveals rents in the UK rose by 0.7% in November compared to the same month a year ago, the average monthly rent now stands at £904 a month, when London is excluded, the average UK rental value was £753 in November 2017.

Homelet states: Rents in London decreased by 0.2% in November this year compared to November 2016; the average monthly rent in the capital now stands at £1,530 a month.

Scotland has seen a 1.8% increase in average rental values in November compared to the same period last year, at £620 per month according to Homelet. A similar increase of 1.8% seen in Wales in average rental values in November compared to the same period in 2016, at £610 per month.

Read the Homelet Rental Index report – November 2017 data in full click here.

 

 

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.

You May Also Enjoy

Breaking News

Holiday let reforms fail to boost housing market activity in Devon and Cornwall

The latest research by LandSale has revealed that the introduction of council tax premiums on second homes, alongside wider measures designed to curb the growth of holiday lets, has yet to deliver a stronger housing market in Devon and Cornwall, where sales activity continue to lag behind the South West and England as a whole.…
Read More →
Breaking News

Breaking Property News 10/8/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   Letting agent complaints are up 47% and why everyone is misreading the property redress   The competence tax has been abolished Thought leadership by Olivier Jauniaux Founder of NestLink Somewhere in a lettings office this week, a property manager is reading a six-page document about a deposit…
Read More →
Breaking News

Rental price and average salary tracker – July 2026

Year-on-year Rental Price Growth Moderates, Yet High Demand and Limited Supply Continue to Push Rents Higher London recorded the strongest monthly rental growth, with average rents rising from £2,385 to £2,484 (+4.2% month-on-month). As a result, the representative annual salary needed to secure the average-priced rental home increased from £70,050 to £74,520 (+6.4% year-on-year). The…
Read More →
Breaking News

House prices stable in July

House prices stable in July (0.0%), following a +0.2% rise in June Average property price now £299,253 compared with £299,396 in June Annual growth of +0.1% is the slowest rate of house price inflation since November 2023 Northern Ireland continues to record the UK’s strongest annual growth at +7.4%   Amanda Bryden, Head of Mortgages…
Read More →
Overseas Property

Algarve tops the list of overseas destinations by Brits this summer

New analysis from Rightmove reveals the most popular overseas destinations that potential British buyers are searching for this summer The Algarve in Portugal is the most popular destination, followed by Paphos in Cyprus and Mallorca in Spain Spain is the overall most searched for country, followed by France and Italy New analysis by Rightmove, the…
Read More →
Breaking News

UK Construction Sector Activity Remains Stagnant

Glenigan’s data shows construction sector performance is depressed in a tough socio-economic landscape The value of underlying (under £100 million) work starting on-site during the three months to the end of July declined 11% and fell 29% below last year’s levels. Residential construction starts fell sharply, declining 25% against the preceding three months and dropping…
Read More →