Blog Post

Rental values are higher year-on-year except London

TomS - Head Tom Simper May 24, 2021, 09:30 AM
208_Dataloft_inform_Insight

Rental values are significantly higher across all regions of the UK, except London, than they were a year ago. Excluding the capital, the average monthly rent is £853, up 6.2%.

A shortage of supply and growing demand is helping support rental values. New instructions were 9% lower in the first three months of 2021 compared to 2020 (TwentyCi).

Although London has seen an uptick in rents agreed in 2021, oversupply in the market has seen values fall by over 5% year-on-year.

Across the UK as a whole, annual growth is currently 2.9%. This is on par with projections for growth over the next year (RICS). Source: Dataloft, HomeLet, April 2020

Load more comments
Thank you for the comment! Your comment must be approved first
comment-avatar

"Abby was prompt to respond to inquiries and very pleasant"

- Christian

"nothing written"

- Nadeeka Edirisinghalage

"Would highly recommend Peter Anthony when selling your property."

- Gwen

"I would like to thank Abbey for all her help and support she offered"

- Marie

"Keep it up the good work. I thank you very much"

- Richard

"Very good estate agency"

- Junaid

"Friendly and helpful. No problems everything ran smoothly as expected and professionally."

- David

"A great company and great experience."

- Andrew