average rents
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Latest property news
House prices fall more severe than expected, says Knight Frank
The agency's head of residential research, Tom Bill, says it has revised its prediction for this year from a 5% fall to 7%, with another drop of 4% in 2024.
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Latest property news
‘No end to the madness’ as rents top old record
Homelet says there is no sign of rent increases slowing down with new record highs recorded in London and the rest of the UK.
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Latest property news
MARKET: ‘Crazy’ average rent hits all-time high of £1,243 a month
HomeLet’s The Rental Index figures from July 2023 show UK average rents are continuing to rise, even in the UK’s typically cheaper regions.
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Latest property news
Average rent rockets 20% in a month to ‘staggering’ new record
Research by Goodlord shows the average rental is now above £1,300 per month, nearly 10% higher than the previous record.
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Latest property news
Tenant demand peaks at new high as rents hit record levels
There are 13 tenants battling for each letting as rents continue to soar, especially in London, says Propertymark.
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Latest property news
Rent slump in London sees ‘record drops’ says latest HomeLet report
Average UK annual rent per tenancy is now £11,808 as rent rose by 6.2% outside the M25 and plummeted by 4.7% inside it.
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Housing Market
Rents rising at quickest pace since 2011
Rents across England and Wales increased by 3.4 per cent in December taking the average to £794 a month, according to latest buy-to-let index from Your Move and Reeds Rains. On an annual basis, rents increased in eight out of 10 regions led by the East of England with a rise of 7.8 per cent, London was up 6.3 per cent, and the East Midlands up 4.7 per cent. Rents dropped by 1 per cent in Wales and by 2.6 per cent in the South East. The figures also reveal that Yorkshire & Humber and West Midlands both saw rents reach a record high in December. The rent increases recorded in 2015 came about despite a month-on-month fall in the latest market rents, dropping 0.6 per cent between November and December. Average rents are now £22 per month below September’s all-time record high of £816pcm, reflecting a softening in tenant demand in the run-up to Christmas. A breakdown of the data reveals that six out of 10 regions monitored saw rents decline on a monthly basis, led by London, with rents down 1.6 per cent. By contrast, Wales saw a 1.8 per cent increase in rents. They also rose by…
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Housing Market
Rents cool off as tenant demand softens
Rents across England and Wales fell by an average of 0.9 per cent in November taking the average to £799 a month, according to latest buy-to-let index from Your Move and Reeds Rains. Average rents are now £17 per month below September’s all-time record high of £816pcm, reflecting a slight drop in demand from tenants seeking rental accommodation. A breakdown of the data reveals that six out of 10 regions monitored saw rents decline on a monthly basis, led by southern regions. The South East saw rents drop by 3 per cent month-on-month and they were down 2 per cent in the South West and 1.2 per cent in London. By contrast, Wales witnessed a 2.9 per cent rise in rents. They also rose by 1 per cent in the East Midlands, the West Midlands saw a 0.4 per cent increase and Yorkshire and the Humber a 0.2 per cent hike. But despite the recent fall, on average, rents have increased significantly over the past 12 months, up 4 per cent compared to November 2014, led by gains in London where rents are up 8.9 per cent year-on-year. Rents in East of England rose by 8.4 per cent. They are…
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Latest property news
Average rents in England and Wales reach record high
Average residential rents in England and Wales rose above £800 for the first time in July following the fastest monthly increase since records began six years ago. The figures from the latest buy-to-let index from Your Move and Reeds Rains reveal that rents increased by an average of 1.9 per cent across England and Wales to £804 per calendar month in July, up from £789 the previous month and a rise of 6.8 per cent year-on-year. Rental price increases in July were led by London, where rents rose by an average of 12.1 per cent year-on-year, followed by the East of England, up 12 per cent to stand at £838pcm. A breakdown of the figures reveal that all 10 regions saw rents increase on an annual basis last month, with London, Yorkshire and the Humber (£582 on average), and the East (£584) and West Midlands (£583) all seeing record rent peaks. Two regions saw rents decline on a monthly basis, with a 0.1 per cent month-on -month fall in Wales and the East of England. Higher rents are unsurprisingly being fuelled primarily by the widening supply-demand imbalance in the rental market, according to Adrian Gill (left), Director of Reeds Rains…
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