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Saturday, August 01, 2015

Latest ONS Index Of Private Rental Prices

Latest private rental figures

 The ONS have just released their latest private housing rental prices show that private rents in Great Britain rose by an inflation busting 2.5% in the 12 months to June.

Rent rises in the other parts of the UK were less strong with a 2.1% increase in Scotland and a mere 0.8% up tick in rents in Wales during the same period.

Rents in England were up by 2.5% with the strongest growth being found in London with a 3.8% rise year on year.

The Rent Index now shows that the average rent in England and Wales is just shy of £650 per month up from an average of £570 in January 2008 showing an approximate increase of £10 per year during this 7 year period.

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