Slower rate of rental growth for average UK rents compared to last year says Homelet
February 3, 2017
Data from the latest Homelet Rental Index January 2017 reveals that average rents in the UK continue to see a slower rate of rental growth compared to last year.
The average UK rental value was £888pcm, compared to the same period last year that is an increase of 0.7% (£882pcm). In January UK household rent to income ratio was 28.4%.
In the report they also state: In January 2017 average rental values in London (£1,497) were 68.5% higher than the UK (£888) and that the gap between London and the rest of the UK was comparable to January 2016 (69%) and higher than January 2015 (66.3%).
Read the Homelet Rental Index January 2017 report in full including data click here
You May Also Enjoy
Breaking Property News 07/08/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Interest rates cut to 4%, inflation expected to rise to the same figure The Bank of Engaland after two ballots approve 0.25% cut in rate to 4%, but inflation is double target figure In what is the fourth rate cut since Labour came into power…
Read More 1 in 5 private rented homes could be illegal
More than one in five private rented homes in England currently fail to meet the Decent Homes Standard (DHS). Analysis from Inventory Base suggests that these properties would be illegal to rent should the proposed extension of the DHS within the Renter’s Rights Bill (RRB) pass into law. The DHS is a government-issued minimum standard…
Read More Property Industry Response to Latest Bank of England Rate Cut
Following a hold in June, the rate has today been cut to 4.0%. This comes despite inflation (CPI) sitting at 3.6% in June 2025, higher than the Bank of England target rate of 2.0%. The decision to reduce the base rate by the Monetary Policy Committee was the result of five members voting for a…
Read More Rightmove Comment on The Bank Rate Cut
Matt Smith, Rightmove’s mortgage expert says: “As expected we now have the third Bank Rate cut of the year, with the Bank continuing along its forecast trajectory. Mortgage lenders have had a bit of room to reduce rates over the last week, owing to the ongoing developments around global tariffs. However, we expect that lenders…
Read More UK property at its strongest since 2022
The latest research from GetAgent.co.uk has found that the UK property market is currently performing at its strongest since 2022, with both mortgage approvals and transactions at their highest average monthly levels in three years. GetAgent analysed HMRC and Bank of England data on residential property transactions and mortgage approvals, looking at the year-to-date figures…
Read More Subsidence: What it really means for your property – a guide for homebuyers
Discovering the word ‘subsidence’ in a property survey can strike fear into the heart of any prospective homebuyer. But while subsidence may sound daunting, it is a structural movement issue that can be manageable and with a certificate of structural adequacy and the correct insurance, your property plans don’t need to be derailed. Essex-based Chartered…
Read More