Rated Excellent
UK Regions Where Property Rents Rose Quickest During 2015
The HomeLet Rental Index report shows where rents saw the biggest rises in 2015. The report revealed that Brighton, Bristol, Edinburgh and Newcastle saw the biggest increases in rents throughout 2015.
Highlights of the HomeLet Rental Index revealed that:
- When London is excluded, the average UK rental value was £739pcm – this is 4.9% higher than the same period last year (£704pcm).
- Average rental values have increased in ten out of twelve regions in the UK, compared to the same period last year.
- The North West (-5.1%) and Northern Ireland (-0.6%) have seen a continued reduction in rental values over the last four months.
- Average rents for new tenancies in London are 8% higher than the same period last year.
- Rents in London are now 106% higher than the rest of the UK.
UK regional breakdown of rents
Below is the UK regional breakdown of rent amounts. All these rental amounts are an average taken over the three months preceding the date shown.
| Region | Average rent 3 months to December 2015 | Average rent 3 months to November 2015 | Monthly Variation |
Average rent 3 months to December 2014 | Annual variation |
| Scotland | £630.00 | £648.00 | -2.80% | £611.00 | 3.20% |
| North East | £531.00 | £530.00 | 0.10% | £521.00 | 1.90% |
| Yorks & Humbs | £623.00 | £626.00 | -0.50% | £604.00 | 3.10% |
| East Midlands | £638.00 | £635.00 | 0.40% | £600.00 | 6.40% |
| East Anglia | £799.00 | £805.00 | -0.70% | £756.00 | 5.70% |
| Greater London* | £1,523.00 | £1,544.00 | -1.40% | £1,410.00 | 8.00% |
| South East | £936.00 | £943.00 | -0.80% | £875.00 | 7.00% |
| South West | £840.00 | £849.00 | -1.10% | £796.00 | 5.50% |
| Wales | £599.00 | £595.00 | 0.80% | £586.00 | 2.30% |
| West Midlands | £666.00 | £659.00 | 1.00% | £654.00 | 1.70% |
| North West | £622.00 | £631.00 | -1.50% | £655.00 | -5.10% |
| Northern Ireland | £570.00 | £580.00 | -1.80% | £574.00 | -0.60% |
| UK ex Greater London | £739.00 | £743.00 | -0.60% | £704.00 | 4.90% |
#Source – HomeLet Rental Index
To find out more about the UK private rented sector and to read the full report click here – HomeLet Rental Index Property Report
National Homebuyers – We Buy Any House
National Homebuyers are a UK based property buyer who really do buy any house or property! In fact we will buy anything, absolutely anything! Whether it is a house, flat or bungalow we will buy it!
If you are looking for a fast house sale than we are here to help you. Our team of property experts are always on hand to share their expertise with you and help you achieve your aim of selling your house fast in a time scale that suits you. So if you want a sell house fast service then give us a call on 08000 443 911.
Get your no obligation cash offer now by using the Get Offer on the right-hand side of this page and take the hassle out of selling your home!
