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Average Monthly Rent 04/2021

Published: 17/04/2021

The RICS March survey, gauging the mood of agents, showed continued improvement in the lettings market.

Tenant demand has continued to increase, with a net balance of +36%. In contrast, landlord instructions continue to fall, with a net balance of -25%.

The imbalance between demand and supply has put upward pressure on rents. +47% of agents report positive rent expectations, with rents expected to increase by just under 3% over the next 12 months.

According to Dataloft Rental Market Analytics, the average monthly rent in England (excl London) is £818, and £1,712 in Greater London. Source: Dataloft, Royal Institution of Chartered Surveyors

Are you trying to find a new place to live, call Willmotts for property advice or information with selling and or buying a home please email sales@willmotts.com or call 020 8222 9958

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