Wednesday, 16 November 2011

HomeLet rental Index October 2011 is out

This month's report shows...

The average UK rental amount fell in October, when compared to September by 2.5% to £763pcm.

Despite falling the average agreed UK rental amount in October 2011 was still 4.2% higher than rents recorded in October 2010

Rents in London fell month-on-month, for the first time in a year, by 3.98% to an average of £1,158pcm

Rents in London are still 23% higher than October 2009 and remain 8.8% higher than 2010

The number of tenants sharing a property has increased in the last two years. The average number of tenants per property was 1.74 in October 2011, compared with 1.4 in October 2009

Average UK tenant incomes dropped from September to October by 0.64% to £27,201

Incomes for those aged 18 - 21 have dropped by 5% in October 2011 when compared to October 2010

The percentage of 36-45 year olds renting after living at home with a relative has risen from 18% in October 2009 to 23% in October 2011

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