Essential Lettings Stats for August 2020
- Rental demand remains strong across most of the UK – up 16% on average in August 2020
- Demand is strongest in Wales with a 32% increase annually
- The UK average asking rent stands at £1,230
- Scotland saw the largest uplift in asking rents in August with a 9% increase compared to last year
Regional Rental Market Metrics – Annual Percentage Change
Scotland
| Demand |
% increase asking rent Aug 2020 |
Asking rent Aug 2019 |
| 18% | 9% | £770 |
North East
| Demand |
% increase asking rent Aug 2020 |
Asking rent Aug 2019 |
| 28% | 6% | £600 |
Yorkshire and the Humber
| Demand |
% increase asking rent Aug 2020 |
Asking rent Aug 2019 |
| 24% | 7% | £680 |
North West
| Demand |
% increase asking rent Aug 2020 |
Asking rent Aug 2019 |
| 22% | 6% | £740 |
Wales
| Demand |
% increase asking rent Aug 2020 |
Asking rent Aug 2019 |
| 32% | 5% | £710 |
East Midlands
| Demand |
% increase asking rent Aug 2020 |
Asking rent Aug 2019 |
| 21% | 3% | £710 |
West Midlands
| Demand |
% increase asking rent Aug 2020 |
Asking rent Aug 2019 |
| 23% | 4% | £760 |
South West
| Demand |
% increase asking rent Aug 2020 |
Asking rent Aug 2019 |
| 21% | 5% | £900 |
East of England
| Demand |
% increase asking rent Aug 2020 |
Asking rent Aug 2019 |
| 23% | 3% | £1,000 |
South East
| Demand |
% increase asking rent Aug 2020 |
Asking rent Aug 2019 |
| 22% | 3% | £1,140 |
London
| Demand |
% increase asking rent Aug 2020 |
Asking rent Aug 2019 |
| -3% | -2% | £2,000 |
UK
| Demand |
% increase asking rent Aug 2020 |
Asking rent Aug 2019 |
| 16% | 1% | £1,230 |
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