Rents to remain flat into 2016

According to the latest figures released by HomeLet, their Rental Index reveals that rents on new tenancies agreed over the three months to November fell in most areas of the country.

November HomeLet Rental Index shows rents on new tenancies remained flat or fell in 10 out of 12 regions of the UK over the three months to November 2015.

91% of landlords do not plan to raise rents on existing tenancies during the first six months of 2016 according to HomeLet research.

Rents on new tenancies across the UK (excluding London) now average £743 a month, 3.8 per cent higher than a year ago.

Rents on new tenancies in London now average £1,544 a month, 7.5% higher than a year ago and 108% higher than the rest of the UK.

For full report visit: HomeLet Rental Index

 

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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