UK rents rise everywhere barring London

UK rents rise everywhere barring London

The average rent in the UK is now £985, having risen by 2.1% on last month and 1.5% on last year, HomeLet’s rental index has found.

Rents rose annually to August in nearly every region, as they increased by 5.5% across the South West to £899.
However London rents fell by 2.1% year-on-year to £1,611.
To read more of this article please click here
Source: Property Wire


Get in touch with us

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.

In today's property market, the temptation to 'test the market' with an ambitious asking price can be strong if you're not in any particular hurry to sell. However, this strategy often backfires, costing vendors valuable time, credibility, and ultimately, money. Let's explore why.

Selling a home in Attleborough is not just about price, it is about timing, strategy and momentum. Homes here take around 82 days to find a buyer, with flats slower and bungalows faster, but averages hide a more complex picture. Pricing and presentation often decide everything. Click to learn more...

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.