Average rents increase

PRESS RELEASE
08.07.11

The average rent has steadily increased over the past three and a half years since the launch of the Rent Index.

There has been a certain fluctuation in the average rental figure but the trend line is showing a steady upward trend in rents.

Average rents now stand at £594 an increase of 2.93 percent over the past 12 months.

The rent index blue trend line has seen a steady upward trend since it's launch 3 years ago.

The Rentindex provides the only real time measurement of UK residential rents and aims to provide a barometer of the state of the rental market in the same way that the stock market measures the health of the economy.

ENDS

EDITORS NOTES

The Rent Index gives a dynamic 'snapshop' of average rents in the private residential sector.

The Rent Index is owned and produced by Welland Media Ltd.Welland Media Ltd was established in 2008 and owns one of the UK's leading Landlord website Property Hawk.To find out more about the Rent Index and Property Hawk together with more comment on letting and renting property contact Chris Horne at Welland Media Ltd on 08458684070 or contact@propertyhawk.co.uk.

The Rent Index - Gets Set to Launch

Here's where we start to show the average rental amount on let residential property.

The rent index shows the average rents on properties throughout England and Wales.

The idea behind it is to give a clear indication as to whether rents are going up or down, and by exactly how much.

As with all good indices the aim of the rent index is to be simple and clear to understand.

The rent index figure is directly transposed from the rate in pounds. ie, If the rent index stands at 500.000 then it equates to the average rent in England and Wales equaling £500.00.

Bare with us as we prepare for launch.

We hope the rental index will be of use to landlords, property investors, letting agents, journalists and researchers.