Average rents rise again to new record high

Average rents rise again to new record high

Eight out of twelve UK regions saw a rise in average rents in January, setting a new record high of £1,064 PCM, according to the latest data released from HomeLet.

HomeLet's figures show that the average rent in the UK is now £1064, up 0.4% on the December 2021 figures. When London is excluded the average rent in the UK is now £897, up 0.4% on December. To continue reading, please click here.
Source: Property Reporter


Get in touch with us

At Millbanks, we believe estate agency should be proactive, personal, and genuinely helpful. Discover how our investment in AI-powered technology is transforming your property journey, making it smoother and more efficient.

More homes are competing for buyer attention, so sellers need more than a hopeful asking price. A smart launch, realistic valuation and strong presentation can help attract serious interest.

There's a lot of talk about AI in estate agency, and rightly so. But here at Millbanks, I've noticed a worrying trend. Many agents are simply using this powerful new technology to speed up old, ineffective processes. Let me explain why I believe that's a mistake, and how we do things differently.

Welcome to Attleborough’s property market update. This week’s snapshot reflects a slight shift driven by the mix of homes for sale rather than underlying values. It’s a useful gauge for homeowners and landlords, offering insight into market health and how your property fits within current local trends.