New Tenancy rents continue to rise.

The HomeLet Rental Index figures  released yesterday show that rents agreed on new tenancies across the UK over the three months to the end of April have continued to grow at remarkably consistent rate.

They state:

Rents rise in all but one regions of the UK over three months to April, despite concerns about impact of higher Stamp Duty charges

Average rent in the UK (excluding Greater London) is now £764 per month – 5.1% higher than a year ago; average rent in London now £1,543, up 7.7%

Scotland and East Midlands – home of the new Premier League champions – lead the way with fastest rising rents; North West is the only region to register decline

To read the April HomeLet Rental Index 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

Weekly News Roundup – 12/04/24

A roundup of the week’s top property and proptech news stories in partnership with Proptech-X Table of Contents The Property Franchise Group partners with Coadjute Leasecake receives $10M to further serve real estate and location management operations for multi-unit operators Gravity Co launches 6th property in Notting Hill, London   The Property Franchise Group partners…
Read More
Breaking News

Breaking Property News – 11/04/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   The Property Franchise Group (TPFG) partners up with Coadjute Network I know, yet another piece about one of my clients, but again it is big news and speaking personally great news, as estate agency is still unfortunately until now in the foothills with how…
Read More
Rightmove logo
Breaking News

Rightmove’s Weekly Mortgage Tracker

Headlines The average 5-year fixed mortgage rate is now 4.84%, up from 4.49% a year ago The average 2-year fixed mortgage rate is now 5.22%, up from 4.82% a year ago The average 85% LTV 5-year fixed mortgage rate is now 4.79%, up from 4.50% a year ago The average 60% LTV 5-year fixed mortgage…
Read More
Breaking News

Breaking Property News – 10/04/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Leasecake receives $10M to further serve real estate and location management operations for multi-unit operators Leasecake, a pioneer in lease and location management solutions tailored for multi-unit operators, today announced the closure of a $10 million Series A extension round. This significant infusion of…
Read More
Estate Agent Talk

Sustainable Home Energy: 3 Options for Greener Living

In today’s world, where environmental concerns are at the forefront of global discussions, the concept of sustainable living has gained significant traction. One of the key areas where individuals can make a tangible difference is in their homes, particularly by transitioning to sustainable energy sources. In this article, we explore three primary options for greener…
Read More
Breaking News

Breaking Property News – 09/04/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Gravity Co launches 6th property in Notting Hill, London London, Tuesday 9th April 2024 – Gravity Co, the London based leader in co-living and PRS brands dedicated to fostering community, flexibility, wellbeing and professional growth is thrilled to announce the launch of its 6th property in…
Read More