Average rents in the UK increased by 2% in the 12 months to April 2019

Average rents in the UK increased by 2% in the 12 months to April 2019, taking the average let to £936 a month, the latest lettings index shows. When London is excluded, the average rent in the UK increased by 1.8% year on year to an average of £775, while rents in London increased by 1.8% to £1,617, according to the index from tenant referencing firm HomeLet. The region with the largest year on year increase was the South East, up by 3.2% to £1,031 and of the 12 regions monitored by HomeLet, all showed an annual increase in rental values except the North East, which showed a decrease of 1.1% to £517.