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 – the market is forever changing. Here at Albert Grace Estate we are hoping for the best for both out landlords and tenants in the coming months. But only time will tell where we end up.
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