This site uses web cookies · Read our Policy here
International: (+34) 952 198 657
Open navigation menu

Average Rents Rise In The UK

First name: 

 

Last name: 

 

Tel. Number: 

IPIN Disclaimer.

  We never share your data with any third parties.

*Note: IPIN investment opportunities are available subject
to location and certain knowledge / experience criteria.

News by Category

Archives



United Kingdom  Scotland  Buy to Let  London  HomeLet Rental Index 

Average Rents Rise In The UK

By - Tuesday 09 August 2011

The average rent for properties in the UK increased in July by 2.2 per cent over June to stand at GBP 767 per month, the HomeLet Rental Index has revealed. This is the highest monthly average recorded since September last year. With the exception of Scotland, all regions in the UK experienced an annual rise in rents and Greater London saw the largest percentage change of 11.61 per cent.

According to the survey, this puts rents in the capital at an average of GBP 1,154 per month and makes them 50.5 per cent higher than the average for the rest of the nation. However, the biggest monthly rise in the amount tenants have to pay to lease a property was noted in the south-west, where rents jumped by 4.9 per cent between June and July.

Last month, Peter Mindenhall, researcher at IPINGlobal.com, warned that continued monthly rises in average rental prices across the country could result in tenants defaulting on payments as a result of unemployment and a lack of wage increases. He stressed that any investors need to thoroughly research the local Buy to Let market to ensure they are pricing appropriately.
 

Subscribe to IPIN Live by Email - Get our News & Blog updates delivered directly to your inbox - click here

Glossary

Visit Our Investment Terms Glossary


Comments

 

*This page is provided for information purposes only and should not be construed as offering advice. IPIN is not licensed to give financial advice and all information provided by IPIN regarding real estate should never be treated as specific advice or regulations. This is standard practice with property investment companies as the purchase of property as an investment is not regulated by the UK or other Financial Services Authorities.


«« Back to IPIN Live

Follow IPIN Global


Latest Content

Recent Comments

Powered by Disqus