02 Feb 02.02.2016 Average rents in the UK increased by almost 4% in 2015
02.02.2016 Average rents in the UK increased by almost 4% in 2015
Average UK rents increased by 3,8% in 2015 despite a small seasonal dip of 0,2% in December, according to the latest index to be published.
This takes the average rent to £1,280 per month, with the highest rents found in London at £2,047, followed by the South East at £1,019 and then a big drop to the East of England at £863.Every region has seen rents up year on year. This was led by Northern Ireland with rents up 6,7% compared to 2014, followed by the East of England up 5,6%, Scotland up 5,5%, the West Midlands up 4,4%, the South West up 4,1% and London up 4%.
The average rent for a one bedroom home has climbed 3.2% to £1,042, a two bedroom home by 3.9% to £1,243, and above three bedrooms by 1.5% to £2,166.
Commuter hotspots surrounding London were amongst the country’s top risers in rental prices. Luton with a rise of 11.1%, Medway up 8.8% and Thurrock up 7.3 were in the top five for rent price increases during 2015 when comparing rents from December 2014 to December 2015, a sign that many working in the capital are priced out from living there.