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UK rent prices are on the rise

UK rent prices are on the rise

Tuesday 12th January 2021
Property Eye

Average rental prices have increased by 2.7% year-on-year to hit £979 per calendar month (pcm), HomeLet's rental index data for December shows.

Excluding London, the average rent in the UK is now £838pcm, showing an increase of 5.7% on last year, according to the figures.

Nine of the 12 regions monitored by HomeLet showed annual growth in rental values between December 2019 and December 2020, with the South West seeing the largest increase for the fourth consecutive month.