Rents up in every region of the UK over the past year

12th Mar 2019

The average rent in the UK is now £940 per month, up 3.8 per cent on this time last year.

When London’s high rent average is excluded, the typical rent in the UK is now £782 0- that’s a 3.2 per cent increase on last year. 

Meanwhile in London itself rents are now a monthly £1,599 on average - a 4.0 per cent rise on the figure this time in 2018. 

These figures come from HomeLet, the country’s largest tenant referencing firm which also conducts a monthly market snapshot of the whole sector.

It says the region with the largest year-on-year increase is the South West, showing a 7.7 per cent increase between January 2018 and January 2019, the latest figures available.

All 12 of the regions monitored by HomeLet show an annual rise. 

The regional picture is:

Scotland - average rent £653 pcm, up 3.3 per cent annually

Northern Ireland - £638, up 1.1 per cent

Yorkshire & Humberside - £635, up 1.6 per cent

North West - £707, up 2.8 per cent

East Midlands - £625, up 1.0 per cent

West Midlands - £694, up 2.7 per cent

East of England - £915, up 0.9 per cent

Wales - £616, up 3.9 per cent

Greater London - £1,599, up 4.0 per cent

South West - £868, up 7.7 per cent

South East - £1,046, up 5.1 per cent

The trends reported within the HomeLet Rental Index are brand new tenancies.

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