Rents up 2.5 per cent in the past year
The average rent in the UK is now £932, which is a rise of 2.5 per cent on this time last year.
When London is excluded, the average rent in the UK is now £775 – a 2.0 per cent increase.
Average rents in the capital itself are now £1,588, up by 3.7 per cent on early 2018.
The UK region with the largest year-on-year increase is the South West, showing a 5.1 per cent increase between January 2018 and January 2019.
Meanwhile the North East is the only region of the 12 monitored by HomeLet that showed a decrease in rental values between January 2018 and January 2019.