Rents rise sharply as demand remains ‘exceptionally high’

Average rents across the UK increased by 2.9% in January when compared with the same month last year, according to the latest data and analysis from Homelet.

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The average rent across the UK now stands at £981 a month, the latest figures show.

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Rental values between January 2020 and January 2021 increased in nine of the 12regions monitored by the research, led by gains in the South West where rentsare up 8% year-on-year.

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Rents also increased significantly in East of England, the South East, East Midlands and West Midlands, with annual growth of 7.9%, 7.1%, 6.4% and 6% respectfully.

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OneAgency offer free, expert advice whether you are thinking of selling or letting your property in Stoke-on-Trent and surrounding areas.

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