Welcome to the Rentshield Rental Index Summary August 2020 edition. Here you can find our latest figured on rental amounts, variance levels and rent to income ratios throughout the UK.
Key headlines from the August 2020 Rental Index
- Rents in the UK rose by 1.5% in August 2020 compared to the same month a year ago; the average monthly rent now stands at £985 a month
- Average rents in London are down YOY, showing a 2.1% fall between August 2019 and August 2020, the fourth decrease in annual variance in subsequent months.
- When London is excluded, the average UK rental value was £825 in August 2020, this is up 2.9% on last year
- Eleven of the twelve regions monitored showed an increase in rental values between August 2019 and August 2020, with two of those regions seeing an increase of more than 5%.