Date Published 11 August 2021
* The average monthly rent in the UK in now at a record high of £1,029. In the twelve months to July 2021, UK monthly rent increased by 6.6%, rising from £965 to £1,029.
* In July, all regions in the UK experienced an annual increase in monthly rent, with the South West experiencing the biggest increase, 12.9%.
* Over one in five of all new rental tenancies are agreed in August and September, so the next two months are set to be busy.
* Rental forecasts look strong, with the RICS residential survey forecasting rents to rise +3% over the next twelve months.
Source: Dataloft, HomeLet.
