Rent rises on new tenancies continue in month after Brexit vote


Rents continued to rise in July, albeit at a slower rate, data from HomeLet has revealed.

The tenant referencing and insurance provider’s July Rental Index shows average rents on new tenancies in the UK (excluding Greater London) were £779 per month, 2.3% higher than a year ago, while they were up 4% in London to £1,599.

In comparison, the June index showed average new rents in the UK excluding London were 3.5% higher annually at £773, and up 3.9% in the capital to £1,575.

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