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  • Property Yields

    Rents up but growth slowing down across UK



    HomeLet’s Rental Index figures for May 2019 have been released.

    The headlines from this month’s report are:

    • The average rent in the UK is now £934, up 1.6% on the same time last year
    • When London is excluded, the average rent in the UK is now £776, this is up by 1.7% on last year
    • Average rents in London are now £1,602, up by 1.0% on last year
    • The region with the largest year-on-year increase is Northern Ireland, showing a 4.9% increase between May 2018 and May 2019
    • Of the 12 regions monitored by HomeLet, all except Yorkshire and Humberside and the North East showed an increase in rental values between May 2018 and May 2019

    As the UK’s largest tenant referencing firm, HomeLet reference over 500,000 tenants every year. The HomeLet Rental Index provide the most comprehensive and up-to-date data on rental values in the UK.

    The trends reported within the HomeLet Rental Index are brand new tenancies, which were arranged in the most recent period, providing an in-depth insight into the lettings market.

    Head to https://homelet.co.uk/homelet-rental-index/ for more information.



    What are rents doing in your local area - up, stagnant, or down?!

    SEE ALSO  -         Landlords "lucky to get 2.5% yields" ...

    UP NEXT -             1st evidence that Tenant Fee Ban = rent rise?

    DON'T MISS -        My 3 unbreakable property buying rules

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    Its really odd I think Capital Values are going up in the North East

    But Rental growth is stagnant and has been for 10 years

    The South capital values falling and Rent going up

    So there must come a time soon to start buying in the South

    I dont think now is the time but it has to come

    On the other hand this is not the time to buy in the North as Capital Values grow

    But where ever you are if you get the yield its always a good time to buy


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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.