Email: enquiries@pcomproperty.com
+66 9 7072 6615 
Mon-Thurs 10am to 8pm local   Fri 10am to 4pm local   GMT +7  UAE+3  HK/SG -1
REQUEST A CALLBACK
Pcom Property - UK Buy to Let
  • Home
  • Properties
  • Mortgages
  • Blog
  • Subscribe
  • Contact
  • Home
  • Properties
  • Mortgages
  • Blog
  • Subscribe
  • Contact

A Piece of England

A UK buy to let property blog

Stay informed

Keep up to date with the Piece of England newsletter covering news and views from the UK property market
SUBSCRIBE

26/10/2020

Rental market snapshot

 
Rents continue the pattern seen since the spring lockdown with another quarter of increases outside of London. The capital is still seeing modest falls in rental levels, while the rest of the country averages rises of over 4%. 
Picture

Headlines

​The average rent in the UK is now £974, down 1.3% on last month, but up 2.2% on last year.

When London is excluded, the average rent in the UK is now £821, this is down 0.8% on last month, but up 4.2% on last year.

Ten of the twelve regions monitored showed an increase in rental values between October 2019 and October 2020, with the South West seeing an increase of more than 6%.

The South West shows a the highest yearly increase of 6.2% between October 2019 and October 2020.

Average rents in London are down YOY, showing a 3.7% fall between October 2019 and October 2020, the fifth decrease in annual variance in subsequent months.

However, average rental values in London (£1,603) was still 95.2% higher than the rest of the UK excluding London (£821).

Biggest movers

  
Average Rental
Change y-o-y
South West
£892
+6.2%
North East
£678
+5.6%
East of England
£657
+5.5%
North West
£764
+5.1%
West Midlands
£961
+4.0%
UK
£974
+2.2%
UK ex London
£821
+4.2%
All content from Homelet - the full report is available here

Comments are closed.
    Picture

    Manchester

    From £137,586

    DETAILS
    Picture

    West Bromwich

    From £118,495

    DETAILS
    Picture

    Birmingham

    From £218,950

    DETAILS
Picture
Helping expats acquire affordable, profitable and secure UK buy to let property
Home       Properties       Mortgages       Blog       Subscribe       Contact

PropertyCom Marketing Ltd
18 Tiwanon Road   Mueang   Nonthaburi 11000   Thailand
​
+66 9 2597 4045   8:30am to 5:30pm local   GMT +7  |  UAE +3  |  HK -1