Average rent in the UK 4.9% higher than a year ago
Figures from the latest HomeLet index show that overall the average rent in the UK, excluding Greater London, is now £755 per month, some 4.9% higher than a year ago. In London the average rent is now £1,536, up 7.7% year on year and the North West is the only area to see a quarterly decline. HomeLet’s research shows that rents continue to rise significantly ahead of inflation, with demand for property remaining strong. However, this comes ahead of reforms that are predicted to have a major impact within the sector.
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