Happy Customers

"We wanted to up-size to make room for our growing family, but needed to sell our flat first and National Homebuyers enabled us to do this quickly. They simplified the whole process of selling and enabled us to purchase our dream property! UK Regions Where Property Rents Rose Quickest During 2015"

Mr & Mrs H, Space

"After inheriting a property from my late Mother, I approached National Homebuyers. I had been caring for my Mother for a number of years and the thought of selling the property using an Estate Agent was a hassle that I did not feel able to cope with. The sale of the property was a difficult […]"

Mrs J, Lydney, Gloucestershire

UK Regions Where Property Rents Rose Quickest During 2015

The HomeLet Rental Index report shows where rents saw the biggest rises in 2015. The report revealed that Brighton, Bristol, Edinburgh and Newcastle saw the biggest increases in rents throughout 2015.

Highlights of the HomeLet Rental Index revealed that:

  • When London is excluded, the average UK rental value was £739pcm – this is 4.9% higher than the same period last year (£704pcm).
  • Average rental values have increased in ten out of twelve regions in the UK, compared to the same period last year.
  • The North West (-5.1%) and Northern Ireland (-0.6%) have seen a continued reduction in rental values over the last four months.
  • Average rents for new tenancies in London are 8% higher than the same period last year.
  • Rents in London are now 106% higher than the rest of the UK.

UK regional breakdown of rents

Below is the UK regional breakdown of rent amounts. All these rental amounts are an average taken over the three months preceding the date shown.

Region Average rent 3 months to December 2015 Average rent 3 months to November 2015 Monthly
Variation
Average rent 3 months to December 2014 Annual variation
Scotland £630.00 £648.00 -2.80% £611.00 3.20%
North East £531.00 £530.00 0.10% £521.00 1.90%
Yorks & Humbs £623.00 £626.00 -0.50% £604.00 3.10%
East Midlands £638.00 £635.00 0.40% £600.00 6.40%
East Anglia £799.00 £805.00 -0.70% £756.00 5.70%
Greater London* £1,523.00 £1,544.00 -1.40% £1,410.00 8.00%
South East £936.00 £943.00 -0.80% £875.00 7.00%
South West £840.00 £849.00 -1.10% £796.00 5.50%
Wales £599.00 £595.00 0.80% £586.00 2.30%
West Midlands £666.00 £659.00 1.00% £654.00 1.70%
North West £622.00 £631.00 -1.50% £655.00 -5.10%
Northern Ireland £570.00 £580.00 -1.80% £574.00 -0.60%
UK ex Greater London £739.00 £743.00 -0.60% £704.00 4.90%

#Source – HomeLet Rental Index

To find out more about the UK private rented sector and to read the full report click here – HomeLet Rental Index Property Report

 

National Homebuyers – We Buy Any House

National Homebuyers are a UK based property buyer who really do buy any house or property! In fact we will buy anything, absolutely anything! Whether it is a house, flat, bungalow or park home we will buy it!

If you are looking for a fast house sale than we are here to help you. Our team of property experts are always on hand to share their expertise with you and help you achieve your aim of selling your house fast in a time scale that suits you. So if you want a sell house fast service then give us a call on 08000 443 911.

Get your no obligation cash offer now by using the Get Offer on the right-hand side of this page and take the hassle out of selling your home!

Homebuyer Man is the public face of National Homebuyers’ expert property team, keeping up to date with all the latest industry news, property trends and market information.

Homebuyer Man’s experience in the property market is unmatched, providing expert information and exclusive insight on all things property, whether that be mortgage advice or drilling down into the best times to buy and sell in different areas across the UK. With more than 15 years’ experience, there isn’t much Homebuyer Man doesn’t know when it comes to the property market.

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