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
How Local Market Trends Affect Your Home’s Selling Price
Introduction When planning to sell your home, understanding local market trends is crucial. Whether you’re working with estate agents in Selby or estate agents in Leeds, these professionals emphasize the importance of market dynamics on your home’s selling price. Local factors such as supply and demand, interest rates, and economic conditions influence property values. These…
Read More 
The biggest Halloween rent hikes
Revealed – Where tenants have been haunted by the biggest Halloween rent hikes The latest market analysis from London lettings and estate agent, Benham and Reeves, has revealed which areas of the rental market are haunting tenants this Halloween, having seen the largest increase in the average monthly cost of renting since this time last…
Read More 
The UK’s anti-social behaviour hotspots revealed as Halloween looms
As Halloween looms, the latest research by over-50s property specialist, Regency Living, has revealed the nation’s most anti-social postcodes, based on the proportion of crime related to anti-social behaviour (ASB), with Ealing, Fylde, Westminster, West Lancashire and Chorley topping the table. Halloween may be a time for good-natured spooky fun, but for some, the fright…
Read More 
77% of homeowners against Halloween
The latest research from eXp UK has revealed that while Halloween may be growing in popularity across the UK, many homeowners are planning to use smart home technology to avoid the endless stream of trick-or-treaters knocking at their doors this Friday. The survey of UK homeowners, commissioned by eXp UK, found that more than three…
Read More 
What Leaseholder Reform Really Means for Managing Agents
By Robert Poole, Director – Block Management, Glide Property Management, part of LRG The past decade has seen a growing focus on leaseholder rights, and in the last few years, that focus has intensified into full-scale reform. With the Leasehold and Freehold Reform Act 2024 now enacted and further measures under consultation, managing agents are…
Read More 
Mortgage approvals bounce back in September
The property industry’s reaction to the latest mortgage approval data from the Bank of England. The latest figures show that: – Mortgage approvals on house purchases for September sat at 65,944 up (+1.5%) from 64,963 in August. Approvals are up slightly (+0.5%) when compared to the 65,628 seen in September 2024. This increase shows stability…
Read More