UK average rents continue to see a slower rate of growth compared to last year says Homelet
March 3, 2017
Data from the latest Homelet Rental Index February 2017 reveals average rents in the UK continue to see a slower rate of rental growth compared to last year.
The average UK rental value was £895pcm, compared to the same period last year that is an increase of 0.8% (£882pcm). The average rental value in Greater London is £1,520pcm.
In the report they also state: 76% of landlords have no intention of expanding their property portfolio in 2017 and that 96% of landlords are happy with their current tenants.
The HomeLet annual landlord survey highlights more than half feel they need to raise rents within the next 6 to 12 months.
Read the Homelet Rental Index February 2017 report in full including data click here.
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