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HomeLandlordQ4 2019 DPS RENT INDEX

Q3 2019 Rent Index Report Uk London

Feb 02

Q4 2019 DPS RENT INDEX

As expected, London continues to be the most expensive UK region in which to rent property. The capital saw a £13 (0.98%) increase in average monthly rent, rising to £1,345 from Q3 2019.  North West London rents haven’t seen any significant changes.

  • Year on year the value is even higher, average monthly rent in the region has climbed by £55 compared to this time last year.
  • By property type, the biggest increase can be seen in detached properties, where average rent has gone up from £1,735 in Q3 to £1,776 in Q4. This is a rise of £41 and is the largest increase in property type across the UK.
  • Terraced properties, on the other hand, have become a little cheaper to rent, with average rent falling by £20 to £1,594.
  • On average, people in London spend 42% of their £38,992 salary on rent, which is far higher than the UK average of 30.80%.

GET THE FULL DPS REPORT HERE

 

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