Rent rises across UK
It has been reported that rent rises across the UK have matched the pace of Greater London for the first time, figures from HomeLet shows that the pace of which rent has risen from April 2014 to the same month in 2015 in London was 7.5%
The UK’s average price per month has hit £916. It now costs £730 a month to rent outside of the capital, as opposed to £1,436 inside the capital. in the three months to April 2015, average rental values for new tenancies in London (£1,436pcm) were £100 more expensive per month when compared to average rental values in the same period in 2014 (£1,336pcm) When London is excluded, the average UK rental value in the three months to April 2015 was £730pcm – this is 7.4% higher than the same period last year (£680pcm)
The annual growth in average rental values for the three months to April (10%) was higher than 2014 (6.6%) and 2013 (2.9%) In the three months to April 2015, average rental values have increased in eleven out of twelve regions in the UK
Figures are as reported on the Homelet website. For more detail http://homelet.co.uk/homelet-rental-index
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