UK Regions Where Property Rents Rose Quickest During 2015
The HomeLet Rental Index report shows where rents saw the biggest rises in 2015. The report revealed that Brighton, Bristol, Edinburgh and Newcastle saw the biggest increases in rents throughout 2015.
Highlights of the HomeLet Rental Index revealed that:
- When London is excluded, the average UK rental value was £739pcm – this is 4.9% higher than the same period last year (£704pcm).
- Average rental values have increased in ten out of twelve regions in the UK, compared to the same period last year.
- The North West (-5.1%) and Northern Ireland (-0.6%) have seen a continued reduction in rental values over the last four months.
- Average rents for new tenancies in London are 8% higher than the same period last year.
- Rents in London are now 106% higher than the rest of the UK.
UK regional breakdown of rents
Below is the UK regional breakdown of rent amounts. All these rental amounts are an average taken over the three months preceding the date shown.
|Region||Average rent 3 months to December 2015||Average rent 3 months to November 2015||Monthly
|Average rent 3 months to December 2014||Annual variation|
|Yorks & Humbs||£623.00||£626.00||-0.50%||£604.00||3.10%|
|UK ex Greater London||£739.00||£743.00||-0.60%||£704.00||4.90%|
#Source – HomeLet Rental Index
To find out more about the UK private rented sector and to read the full report click here – HomeLet Rental Index Property Report
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