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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