HomeLet, UK leaders in landlords insurance, has recently released an update of its Rental Index which features unique and insightful data gathered from its tenant referencing service. The service gathers amounts based on the actual achieved rental prices for new tenancies each month, making it the most accurate data of its kind in the UK.
Key headlines are as follows:
When London is excluded, the average UK rental value was £771pcm – this is 4.4% higher than the same period last year (£738pcm)
Average rental values have increased in eleven out of twelve regions in the UK, compared to the same period last year
Rents in Greater London are up by 6.2% year on year – a slight drop on last month’s annual growth rate (7.7%)
Alongside this update to its Rental Index, HomeLet has also released a unique eBook aimed at current landlords, prospective landlords and the general public wanting to know more about the property market in their local area.
The first eBook in the series focuses on three key regions – Greater London, the South East and the North West – with subsequent regions to follow in later editions.
The eBook provides useful information and first-hand insights on what it’s like to be a landlord, tips and tricks on how to survive in a sometimes difficult sector, industry developments and key data snippets from the latest rental index.
HomeLet has collaborated with landlords from each area to produce the eBook, which is free to download from its website here.
Join the conversation online by using the hashtag #LandlordsAdvice and tagging @HomeLet on Twitter.