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Research 23 April 2015

Chestertons Residential Observer - April 2015

Rental growth at national level accelerated over the past three months whereas in London, despite the demand pressure for rented accommodation, rental growth slowed.

Nick Barnes, Head of Research

Rental values

According to the Homelet Rental Index, average UK rental values for new tenancies in the three months to February were 9.2% higher than in the same period in 2014. Average UK rents for new tenancies over the three month period to February 2014 were £899 per calendar month.

Average rents for new tenancies in London were 5.1% higher in February compared to the corresponding month in 2014 and now stand at £1,390 per calendar month.