UK average rent breaks the £1000 per month barrier for the first time on record

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UK average rent breaks the £1000 per month barrier for the first time on record

The average rent in the UK is now at a record high of £1,007, up 5.9% on the same time last year and 7% on 2019, with every single region of the UK showing an annual price increase, according to the latest figures released by Homelet.

London sees the first price increase for over a year, with an annual variance increase of 1.5% to £1,607 PCM. However, the price is still lower than pre-COVID, as the average was £1,611 PCM back in June 2019. With the capital excluded, the average UK rent price is 8% higher than last year, up to £861 PCM, showing a 10% growth on pre-Covid prices.

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Source: Property Reporter

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