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Research & insight article

Chrome March 2015 Rental Values

Budget 2015

Rental growth in the private sector both nationally and in London has overtaken price growth in the sales market.

Nick Barnes, Head of Research

Report Highlights

  • Average UK rental values for new tenancies in the three months to January were 8.9% higher than in the corresponding period last year according to Homelet. Average UK rents now stand at £878 per calendar month.
  • Homelet report that average rents for new tenancies in London were 13.4% higher in January compared to the corresponding month in 2014 and now stand at £1,425 per calendar month.
NB comment: rental growth in the private sector both nationally and in London has overtaken price growth in the sales market. The private rented sector is arguably as much in need of more available stock as the sales market.

budget 2015 rental value

London borough monthly asking rents for 2-bedroom flats (as at 9 Mar 2015) Source: Zoopla


Oxford Street Article Details

Contributed by

Nick has more than 20 years’ experience within the property research arena.

Nick Barnes

Nick Barnes

St Magnus House

020 3040 8406