Rental values are higher year-on-year except London

Back to All Blogs

Rental values are higher year-on-year except London

In this short article we take a quick look at year-on-year rental figures

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

GET IN TOUCH WITH US

First Name*

Last Name*

Your Email Address*

Mobile Phone*

Are you looking to*

Please enter message here*

Please confirm that it is okay for us to contact you about this information as well as our products and services. By confirming, you also agree to the use of cookies to enhance your experience. (You will always have the right to unsubscribe or manage your cookie preferences at any point in the future.)*

Latest Properties

Play video

A Super Modern 2-Bed Terrace House in a Popular Attleborough Cul-de-Sac, Ideal for Nearby Amenities.

Guide Price

£200,000

Cawdor Close, Attleborough, Norfolk, NR17 2SL

Inviting 2-Bed First Floor Maisonette with a garage en bloc in Attleborough with Countryside Views.

Offers In Excess Of

£130,000

Woodside Court, Attleborough, Norfolk, NR17 2JT

Play video

Guide Price £210,000 to £220,000. A Very Well Presented Charming 2-Bed Mid-Terrace Home in Wymondham

Guide Price

£210,000

Melton Close, Wymondham, Norfolk, NR18 0JW

View All Properties

Our Blog

Embracing Tomorrow: The New Millbanks AI Website is Now Live! Your New Future Property Experience.

The property landscape is constantly evolving, and at Millbanks, we believe in leading the way. We are thrilled to announce the launch of our revolutionary new AI-optimised Neuron website, designed to transform your property journey.

Is Your Home Ready to Compete for Buyers?

Buyers have plenty to compare this autumn, which makes the way a home enters the market increasingly important. A strong first impression, realistic price and thoughtful presentation can all help attract the right attention.

Are You Hoping to Buy in the Next 6 Months?

If moving is starting to feel more realistic, September is a useful time to prepare. Understanding your budget, priorities and local property search now could make things much easier when the right home appears.

Take a 360 Degree Virtual Tour - Executive 5-Bedroom Contemporary Family Home on a Third Acre Plot.

New Guide Price £595,000. Set in a superb rural position, this impressive five-bedroom executive home occupies a generous plot of around a third of an acre. Offering spacious and versatile accommodation, three reception rooms and two en suite shower rooms, providing modern family living.

Take a 360 Degree Virtual Tour - Ideal for First-Time-Buyers or Landlords, No Onward Chain!

Discover this inviting 2-bedroom mid-terrace house in Attleborough, offered with no onward chain. Perfectly situated within walking distance of Rosecroft Primary School and local bus routes, with 2x allocated car parking spaces and a recently refitted bathroom. An ideal first home or investment.

Take a 360 Degree Virtual Tour - A Modern Very Well Presented 4 Bedroom Family Home in Attleborough

Discover this impressive, superbly presented four-bedroom detached family home, set on a corner plot. Updated and modernised and presented to a high exacting standard of décor throughout, the property offers comfortable living with a conservatory, contemporary kitchen, and a lovely walled garden.

View All Blogs