HomeLet Rental Index

HomeLet's rental index is from data gathered from there tenant referencing service. As well as information on average rental amounts for new tenancies, the HomeLet Rental Index also provides information on tenant demographics, such as their average age, income, previous residential status and property type they’re applying to live in

The rental amounts are based on the actual achieved rental prices for new tenancies in the reported month. 

The July headlines were:

• 2016 to date has seen a slower rate of rental growth, compared to the same period last year
• When London is excluded, the average UK rental value was £779pcm - this is 2.3% higher than the same period last year (£761pcm) and a reduction in the rate of increase seen in July 2015 (8.1%)
• Average rental values have increased in nine out of twelve regions in the UK, compared to the same period last year
• Rents in Greater London are up by 4% year on year – a drop in the rate of increase seen in July 2015 (9.5%

To get a copy of the report click here: https://homelet.co.uk/assets/documents/July-2016-HomeLet-Rental-Index.pdf