Rental price inflation remains low in March

Rental price inflation remains low in March

According to the latest data from HomeLet, rental price inflation in the UK remained modest during March - increasing by a small amount for the second successive month, following seven months of falls and remains below the general rate of inflation.

Rents in the UK rose by an average of 1.1 per cent in March, compared to the same month of last year, HomeLet’s data shows, up from an average increase of 0.8 per cent in February. Prior to that, rental price inflation had fallen in every month since last June. By contrast, general inflation now stands at 2.3 per cent.

March’s rental price inflation means that tenants signing up to a new tenancy last month agreed to pay an average rent of £904 a month, or £751 stripping out the Greater London market. In London itself, the average rent now stands at £1,546.


Rents in March rose in every area of the country bar two compared to February, with Yorkshire & Humberside and the North-West of England as the sole fallers. On an annual basis, rents were higher in March than a year previously in 11 out of 12 regions covered by HomeLet’s index, with the South-East registering a small fall.

Martin Totty, HomeLet’s Chief Executive Officer said: “In the current housing market, where demand for homes continues to outstrip supply and house prices are out of reach for many buyers, the long-term trend in the private rental sector is likely to be for rental price inflation to continue; however, the HomeLet Rental Index continues to reflect landlords’ focus on offering tenants affordable rents, with rents now increasing at a rate significantly below the general rate of inflation in the UK economy.”

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Scott Garnet 06 Nov 2017

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Kelvin Lloyd 09 Oct 2017

IT is up, to the Planners. If they will only give permission for bungalows on certain (suitable) sites, they will be built.

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maggie swift 09 Oct 2017

It's just the beginning of the shocking rise.

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maggie swift
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I have recently read that the bungalows can provide social housing for elderly residents in London.

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Update! Worst company I have ever dealt with. Undervalued a Cambridge property by over 100k, wont take on any evidence of valuation including a RICS valuation done 3 years ago for the very same value...

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Paul Edwards
Paul Edwards 27 Sep 2017

Its nonsense articles such as this that make it harder to get clients to realise just how difficult the market is out there. When you see Rightmove and there are more 'price reduced' then 'new' most days...

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Tom Allen
Tom Allen 20 Sep 2017

Absolutely agree with you!

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RyanGeo
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A sharp correction would be a less dramatic expression to use. That is already underway in certain sectors in Reading where I practice as Chartered Surveyor

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Identity theft is a thread for any profession. So,people should stay alarmed. I once take help from a letting agent and came to know that letting agents are taking every precaution to prevent fraudulent...

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Mark N.
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We have seen a surge in instructions over August and that should continue into September too.

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