Rents increased by 1.2% in the UK in the year to April 2019 – PropertyWire

THE RENTAL INDEX TM HomeLet Rental Index The average rental value in greater london (1,519) has reduced by 1.2% compared to the same period last year (1,537) Average rents in the UK continue to see a slower rate of rental growth compared to last year The average UK rental value was 904pcm – this is 0.4% higher than the same period

UK rents have increased by an average of 13.9% over the past five years, according to HomeLet. The group said its June rental index showed a continued increase in rental values across all regions of the UK, with the average rent in the UK is now stood at 941 per calendar month (pcm), up 1.8%, or 17, on the same time last year.

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House prices rose by 1.4% annually across the UK in April, with the subdued pace of growth being mainly driven by southern England while there were stronger increases elsewhere, according to an official report. The average UK house price was 229,000 in April, according to the figures released.

Heightened competition among tenants have led to private residential rents in the UK rising by 8% annually, according to the latest data. UK rents have risen by 1% in the last month to £762 per month.

Rents also fell in Wales and Scotland, down 0.2% to 650 and down 1.2% to 623 respectively. After London, the only region to see strong annual growth was the East of England with a rise of 2.4% to 948. Rents in the North of England increased by 0.4% to 626 and in the Midlands by 0.6% to 673.

Overall, however, rental growth in many areas of the UK is slowing down. in Wales at its lowest since April 2014, while in Scotland the market is perkier as annual rental growth has picked up. Year.

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Northern Ireland data have been copied forward since December 2018. and that the number of available rental properties does not decrease still further,’ she added. While rental growth rates across.

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Commercial and residential property markets have stalled in London but the capital’s lettings market has seen increases in rents paid. declined by 14% in the first quarter of 2019 compared to the.

1.Main points Private rental prices paid by tenants in the UK rose by 1.3% in the 12 months to May 2019, up from 1.2% in April 2019.In England, private rental prices grew by 1.3%, Wales experienced growth of 1.1%, while in Scotland private rental prices increased by.

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