UK rental prices fell by 0.3% when compared to last year according to new data from Homelet

July 5, 2017

The latest Homelet Rental Index June 2017 headlines ‘UK Rents continue to fall’.

New data from HomeLet reveals that UK rental prices fell by 0.3% when compared to last year, the second successive month in which rents showed a decline, the average monthly rent now stands at £908.

Rents in London fell by 2.6% in June this year compared to June 2016; the average monthly rent in the capital now stands at £1,524.

Commenting on the research, HomeLet’s Chief Executive Officer, Martin Totty said:

“It is now a full year since rental price inflation in the UK peaked at 4.7%, since when we’ve seen progressively more modest rent increases and, over the past two months, falls in some areas of the country; June’s figures are the first indication that this trend may now be beginning to flatten out, but it’s too early to say this with any certainty – the next few months of data from the HomeLet Rental Index will provide crucial intelligence on the direction the market is taking.”

Read the Homelet Rental Index June 2017 in full 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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