Rental values are still increasing
Rental prices increased by 1.2% in February according to the latest HomeLet Rental Index.
According to the figures provided by the insurance company, rents in London increased by 1.1% in February 2018 and the average rent in the capital now stands at £1537 a month.
Rents rose in almost all regions of the UK and the average monthly rent across the UK is now £906.
When London is excluded, the average UK rental value was £758 in February 2018; this is up 2.3% on last year.
The table below provides a regional breakdown of the latest average rental values in the UK.
Rental figures from the February 2018 HomeLet Rental Index
|Region||Average Rent in February 2018||Average Rent in January 2018||Average Rent in February 2017||Monthly Variance||Annual Variance|
|East of England||£907||£906||£896||0.1%||1.2%|
|Yorkshire & Humberside||£625||£623||£621||0.3%||0.6%|
|UK excluding Greater London||£758||£760||£746||-0.3%||1.6%|