A small MOM increase of 0.2% in UK rent prices during December has pushed average rent prices in the UK to £1060 PCM, according to the latest figures released by Homelet.
Homelet data shows that this is up by 8.3% on the same time last year. When London is excluded, the average rent in the UK is now £893 – a 6.6% rise on last year. Average rents in the capital were £1,752, an increase of 12.6% on Dec 2020.
All regions showed an increase in annual variance, with the largest, being Greater London at 12.6%. The South-West saw the highest MOM price rise, up 2% to £983 PCM.
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