Rents in London increased by 4.5% in April 2018 than in the same month of 2017 according to Homelet.

May 8, 2018

Latest Homelet Rental Index report – April 2018 data, released today reveals that average rents across the UK rose by 1.5% in April 2018 when compared to the same month a year previously; the average monthly rent is now £918. When London is excluded, the average UK rental value was £761 in April 2018, this is up 0.9% on last year.

Rents in London increased by 4.5% in April 2018 than in the same month of 2017; the average rent in the capital now stands at £1588 a month according to Homelet.

According to Homelet UK Regional Breakdown, Wales was the only region to see a reduction in new rents between April 2017 and April 2018, rents rose in 9 out of the 12 regions covered in the research.

Read the Homelet Rental Index report -April 2018 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

Five businesses expelled by The Property Ombudsman

Three estate agents and two letting agents have been expelled from The Property Ombudsman for failing to pay compensation awards to consumers. Prime Property Agents on Clarendon Street, Nottingham, failed to refund a buyer’s £7,200 reservation fee after a purchase fell through. The agent did not follow their own terms and conditions, failing to present…
Read More →
Estate Agent Talk

Live, Invest, Explore: London and Dubai for the Modern Property Buyer

In today’s globalised world, property buying is no longer confined to one’s home country. Modern investors are seeking destinations that combine strong real estate potential with a rich lifestyle experience—places where they can live, travel, and grow their wealth. Two cities continue to dominate the list of international property buyers: London and Dubai. Whether you’re…
Read More →
Breaking News

The impact of Trump on the UK property market

By Kevin Shaw, National Sales Managing Director, Leaders (an LRG company) The property market tends to thrive when the economy is strong and stable. Historically, economic uncertainty has negatively impacted house buying and selling, as people tend not to make big life changes and new investments when job security, the cost of living and political…
Read More →
Breaking News

Breaking Property News 16/06/25

Daily bite-sized proptech and property news in partnership with Proptech-X. Solving property asset compliance and maintenance issues How Symple transformed property management for the SME Group At SME Group, managing a varied portfolio of residential and commercial properties requires precision, compliance, and operational efficiency. As the Repairs, Maintenance & Compliance Coordinator, ensuring that all properties…
Read More →
Estate Agent Talk

The counties rivalling London’s prestigious housing market

England’s biggest postcode house price premiums New research from Yopa, the full-service estate agents, reveals that Northumberland, the West Midlands, and County Durham are home to some of England’s biggest postcode house price premiums, beating out competition from a number of the nation’s most luxurious markets including those found in Surrey and Buckinghamshire. Yopa has…
Read More →
Letting Agent Talk

Renters frustrated by delays and paperwork, but agents unfairly blamed

The latest analysis by Dwelly, one of the UK’s leading lettings acquisition and success planning experts, has found that almost a third of renters rate the process of finding a rental property as average at best, with the laborious process of completing paperwork and poor communication from letting agents ranking as the biggest pain points.…
Read More →