Rents in UK rose by 2.1% for October compared to same month last year according to Homelet
November 9, 2018
The latest HomeLet Rental Index – October 2018 reveals that rents in the UK rose by 2.1% in October compared to the same month a year ago.
The report also reveals that the average monthly rent now stands at £928 a month. When London is excluded, the average UK rental value was £768 in October 2018, this is up 1.7% on last year.
The average rents in London (£1,619) were 110.8% higher than the rest of the UK according to Homelet.
Read the Homelet Rental Index report – October 2018 in full click here.
You May Also Enjoy
Homebuyer demand returns following Autumn Budget
New research from Property DriveBuy reveals that Bristol, Tyne & Wear, and South Yorkshire emerged as the UK’s most in-demand areas of the housing market following the Autumn Budget, with as many as 61% of homes listed for sale successfully securing a buyer in Q4 2025. Property Drivebuy analysed residential listings data across the nation…
Read More 
Economic uncertainty tops agents’ worries in 2026
“Make-or-break” 2026 looms for estate agents as costs, red tape and reform pile pressure on sector Agents warn of ‘survival year’ ahead as new Alto Agency Trends Report reveals deep fears over rising costs and regulation UK estate and letting agents are heading into 2026 fearing a make-or-break year, as soaring costs, economic uncertainty and…
Read More 
Strategies to Boost Estate Agent Networking
In the competitive world of UK property sales, mastering estate agent networking can transform your business trajectory. For instance, agents who prioritize targeted connections often see a surge in referrals and listings. This article explores 7 proven strategies drawn from industry insights, helping you build lasting professional relationships without relying on outdated tactics. Introduction to Estate Agent Networking Estate…
Read More 
Why now is actually a great time to be a landlord
By Allison Thompson, National Lettings Managing Director, Leaders. For the past few years, there has been a succession of reports in the media about landlords selling up and quitting the industry. And it’s true that as legislation has been tightened and renters’ rights have been prioritised, it now takes more time, effort and knowledge to…
Read More 
Modest house price growth may offset easing mortgage costs for home buyers this year
Analysis of new data* from Moneyfactscompare.co.uk illustrates how easing mortgage rates may allow for a modest growth in house prices in 2026 without improving or worsening current affordability pressures on first-time buyers and homemovers. *Consumers comparing mortgage deals on moneyfactscompare.co.uk in 2025 and Moneyfacts Average Mortgage Rates. First-time buyers Typical first-time buyers borrowed around £236,000 in…
Read More 
More than 428 homes repossessed every month
New analysis from Springbok Properties reveals that based on historic trends an estimated 428 homes could be repossessed each month in 2026, a fact which threatens to create stress and concern for any families starting the new year off under financial pressure. Springbok Properties’ has analysed property repossession data from the UK House Price Index*…
Read More