May 8, 2009

Average UK rents

There has been much spoken about the value of property and how the market could be on the verge of bottoming out, but when it comes to rents there is never much said and yet the rental market is a significant part of the property sector.

The average monthly rent is currently £589.68 this is calculated from data collected on 4,477 tenancies throughout England and Wales, the figure is calculated from actual rents collected and not those that are advertised, this gives a true value of how rental prices are doing.

Currently the rental price is slightly up on the year, which just goes to show how stable the property rental market in the UK is.

Percentage change:

12 months
+1.752%
6 months
-0.239%
3 months
+2.039%
1 month
+0.980%

Source [Rent Index]