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UK rental prices continue upward trend

In RealEstate
May 04, 2025

Rentals increased for the fourth consecutive month for the April door, according to the last Goodlord rental index.

Average property races increased during the months as the market continues to grow. And the gaps remained stable at 21 days, the same duration of the empty period recorded in March, since the demand remains consistent before the maximum summer months.

Goodlord processes tens of thousands of lease applications every month in Walf or around 3,500 rental brands throughout the United Kingdom. The rental index is based on the prices of the tenure hired, instead of the prices announced.

In April 2025, the average rental for property in England was £ 1.216. This is 4.2% higher than April 2024 or £ 1,166. This is equivalent to an interannual increase of £ 50 per month (or £ 600 per year) for tenants. However, the interannual increase in April or 4.2% is slightly lower than the figure of March or 4.6%.

At the regional level, the northwest, southeast and west of Midlands recorded 5%year -on -year rent increases. At the other end of the scale, East Midlands recorded an annual increase of less than 1%.

In better news for tenants, year -on -year salary increases continue to exceed the increase in the cost of rent. The average salary of a new interesting lease contract in April 2025 was £ 38,629 – 4.94% higher than the average of April 2024s of £ 36,810.

From a month to month perspective, rentals increased for the fourth consecutive month in April. Average property by property increased by a modest 0.2%, increasing from £ 1,213 in March to £ 1,216 in April.

The properties in East Midlands, North East, North West and South West saw a small increase in average costs. The greatest change was in Northeast, where prices rose by approximately 2%.

However, the Great London, the Southeast and the West Midlands saw marginal reductions in the average rental cost. London saw the greatest decrease, with the prices dropped by 1% in the duration of the capital of April.

The gaps, the time that a property remains vacant among rentals, remain unchanged from April to 21 days, indicating a constant demand throughout the market.

However, the current 21 -day vacuum length is slightly higher year -on -year. In April 2024, the gaps sat at 19 days.

Greater London is registering the shortest empties currently, with properties changing hands in just 16 days on average. The longest gaps are seen in the East Midlands lands, in the significant figure higher than 28 days.

William Reeve, CEO of Goodlord, commented: “It has been another month of rents that constantly increase, at a time of the year in which we often see more high in terms of rental averages. This continues to underline the prediction that this summer will bring a peak of rent throughout the country, although the ascending wages detach themselves from this impact for some title that is sought to the tenants that are sought to the tenants. Rental of the vouchers, the tenants are results, it is the tenants who are the tenants, the vositories, the tenants are results, it is the tenants, the national restless ones, the national tenants occur to them.

The separate data of Hello Vecin supports Goodlord’s growth findings in terms of the group.

According to Hello Vecin, London Rents in April 2025 has increased by 10% compared to the same month last year, and 9% higher than in April 2023.

Richard Jenkins, CEO and co -founder, Hello Neighbor, said: “Although we have seen a month or 1.8% decrease, prices have still increased 4% compared to the previous three months. 71% of the owners’ rate.

“The demand of the tenants does not increase to the rhythm typically seen in previous years as we move forward to spring. There were 40 requests to see a property in April 2025-35% lower than in April 2024 and 40% lower than in April 2023. This means incurring the embedding of Itleasped, avoids cloud periods.

“The gap in the demand between the outside and the interior of London in the last three months remains small, with an average of 94 applications for display for property abroad of London, compared to 83 in the interior of London.”

For the third consecutive month, Hammersmith and Fulham registered the largest number of visualization applications in the last three months, averaging 493 applications for property, followed by barking with 250.