BREAKING – Despite the uncertainty leading up to the Brexit vote, and the continuing uncertainty following the result, rents have continued to increase across the UK, albeit at a slightly slowed down pace.
The latest (July 2016) Homelet Rental Index released today shows:
Rents in Greater London are up by 4.0% against last year – comparable to last month’s annual growth rate (3.9%)
This has increased by only 0.1% on last month and a reduction on last July’s annual growth (9.5%)
The increase in average rents in the UK (excluding Greater London) was 2.3% – a slight drop on last month’s annual growth rate (3.5%)
This has reduced by 1.2% on last month and a reduction on last July’s annual growth (8.1%)
Outside London, the highest levels of annual increase have been seen in East Anglia (9.7%), East Midlands (5.4%) and Yorkshire & Humberside (4.2%)
The latest (July 2016) Rental Index data from landlord insurance provider, HomeLet released today.