Following last years end it looks as though the rental market is up again. Rental values on new tenancies started off in 2018 with a year-on-year increase. Rental prices went up in nearly every region of the UK.
Homelet showed an average of 2.4% increase in rental amounts in the UK throughout the whole of January compared to 12 months previous. Throughout the nation rental average is £909 per month.
London’s rent increased by a 2.3% average throughout the majority of last month. The average amount in the capital now is £1,532. Excluding London the average UK rental value was £760 in January 201, which is also a 2.3% increase on the previous January.
With this in mind is it possible to predict an upward increase of rental value for 2018?
Well nobody can be certain