UK average rents continue to see a slower rate of growth compared to last year says Homelet

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.

 

 

 

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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