Rents up again – fourth increase in four months… – Letting Agent Today

Average rents across the UK have risen for the fourth time in as many months according to the HomeLet index.

Typical rent is now £992 per month – and when London is excluded, it’s  £847. 

Nine of the 12 regions monitored by HomeLet  show a monthly rise – the largest is in Northern Ireland, up 2.9 per cent between the end of February and the end of March. 

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However, rents in London continue to fall year on year, showing a two per cent drop between March 2020 and March 2021.

Commenting on the latest data, Andy Halstead, HomeLet and Let Alliance chief executive, says:  ”Property professionals know that the private rented sector works best when there’s balance. Ultimately landlords want good tenants, and tenants want a quality property at an affordable price. 

“With almost one in five people living in the private rented sector, it’s fitting that the government should

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