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Rents on the rise

Rents on the rise

In this speed read article we look at the dramatic rise in monthly rents in the UK over the last 12 months

  • The average monthly rent in the UK is 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

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