Homelets latest rental data

Figures from HomeLet's latest Rental Index for the three months to October 2015 compared to the same period a year ago show -

• Average UK rent excluding London was £749pcm - 3.5 % up from £724pcm
• Average rent for new tenancies in London are 7.5 % up
• Average rents in London now £1,560pcm, 108% more than the rest of the UK
• 64%  of tenant expect to continue renting for an extended period
• 90% of tenants are happy with their landlord

Commenting on the report, Martin Totty, Barbon Insurance Group’s Chief Executive Officer, said:

“Our survey showed that many tenants ultimately aspire to own their own home, but that just over half of them aren’t actively saving for a deposit yet. 66% of those questioned said that a deposit wasn’t affordable for them.

“However, the positive news is that almost nine out of 10 tenants told us that they were happy with the standard of their current rented property; and the majority of tenants told us they were happy with the service provided by their landlord or letting agent.

“Whilst we are seeing upward pressure on the rental market it’s important that the sector continues to drive professional standards forwards for mutual benefit of tenants, landlords and letting agents.”


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