Home - Industry News - Rents across the UK have increased for the first time in three months…

Rents across the UK have increased for the first time in three months…

...according to research released by Homelet

They found that in July, the average rent was 1.1% higher than in the same period last year, with Northern Ireland, Scotland and the East Midlands driving the new-found growth. But it was in London which stopped the increase, with rents 0.6% lower than last year, the fourth successive month of falling rents.

Martin Totty, Homelet’s chief executive, said: “Whether the market has now found some equilibrium remains to be seen, but landlords at least will be grateful for even some short respite.” The average UK rent is now £925 per month.”