PRS annual rental growth now at 1.8%

Annual growth of rents in the private rented sector is now at 1.8% according the new data from the ONS.

The ONS Index of private housing rental prices (IPHRP) in Great Britain: May 2017 shows:

• Private rental prices paid by tenants in Great Britain rose by 1.8% in the 12 months to May 2017; this is unchanged from April 2017.
• In England, private rental prices grew by 1.9%, Wales saw growth of 0.9% while Scotland saw rental prices decrease (negative 0.1%) in the 12 months to May 2017.
• London private rental prices grew by 1.3% in the 12 months to May 2017, 0.5 percentage points below the Great Britain 12-month growth rate.

For the 7th consecutive 12-month period releases, (nominal) rents in England (excl London) increase faster than London #ukhousing pic.twitter.com/tNlcTvGYgF

— Joe Sarling (@joesarling) June 13, 2017

1.8% rise in private rental #prices in the 12 months to May, unchanged from last month https://t.co/YxUTG2iyKD #inflation

— ONS (@ONS) June 13, 2017

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