William Eichler 29 July 2016

Rent increases in private housing outstripping inflation, figures reveal

Rent increases for tenants in private housing are outstripping inflation, according to the latest figures.

The Office for National Statistics found private rents rose by 2.4% in the 12 months up to June 2016 across the whole of Britain, while the consumer price index stood at 0.5% for the same month.

In England rents were up 2.5% while in Scotland they rose by just 0.1%, and Wales saw a fall of 0.1% over the previous year.

The biggest rent increases were in South East England where they went up 3.4%.

The Index of Private Housing Rental Prices (IPHRP) in Great Britain, Results: June 2016, published by the ONS, points to demand in the rental market outstripping supply as the main cause of the increases.

It says price increases in residential housing have been higher than in the private rent sector for several years, with an average 12-month rate of house price inflation between January 2013 and May 2016 of 5.9% compared with 2.1% for rental prices.

SIGN UP
For your free daily news bulletin
Highways jobs

Accounting Officer

Essex County Council
Up to £25081.00 per annum + + 26 Days Leave & Local Gov Pension
Accounting OfficerPermanent, Full Time£25,081 per annumLocation
Recuriter: Essex County Council

Cook

North Yorkshire Council
£13.47 to £14.13 per hour
We have an opportunity to join our award-winning Facilities Management catering team Settle, North Yorkshire
Recuriter: North Yorkshire Council

HR Business Partner

North Yorkshire Council
£47,181 - £51,356 pro rata per annum
Health and Social Care Services have the privilege and responsibility of supporting people and their families when they need it the most. Northallerton, North Yorkshire
Recuriter: North Yorkshire Council

Building Surveyor (Building Control)

Kirklees Metropolitan Council
£38,220 to £44,075
Join our energetic and collaborative Building Control team, where your ideas will shine, and your voice will be heard. Kirklees, West Yorkshire
Recuriter: Kirklees Metropolitan Council

Occupational Health Technician

North East Lincolnshire Council
NJC15 £30,024
Could you play a vital role in protecting and promoting the wellbeing of an entire workforce? North East Lincolnshire
Recuriter: North East Lincolnshire Council
Linkedin Banner