Homelet’s review of rental market

The Homelet Rental Index (HRI) report posted to their site yesterday reveals that Brighton, Bristol, Edinburgh and Newcastle recorded the largest increase in rents last year amongst the country’s largest towns and cities.

The monthly 9HRI) shows that, on average, rents across the UK, excluding Greater London, were 4.9% higher on new tenancies signed during the final three months of the year than in same period of 2014.

The average rent in the UK at the end of 2015 was £739 outside of London compared to £704 in 2014; in London, rents averaged £1,523 against £1,410 last year.

HomeLet Rental Index shows rents on new UK tenancies rose by 4.9%, on average, outside of the capital last year, and by 8.0% in London.

To see the Homelet Rental Index report 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.

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