UK rental growth outstripping inflation

The headlines from Homelet's Rental Index for February are:

• The average rent in the UK is now £940, up by 3.8% on the same time last year
• When London is excluded, the average rent in the UK is now £782, this is up by 3.2% on last year
• Average rents in London are now £1,599, up by 4% on last year
• The region with the largest year-on-year increase is the South West, showing a 7.7% increase between January 2018 and January 2019
• All 12 of the regions monitored by HomeLet showed an increase in rental values between January 2018 and January 2019

The trends reported within the HomeLet Rental Index are brand new tenancies, which were arranged in the most recent period, providing an in-depth insight into the lettings market.
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