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

Assistant Engineer or Engineer

London Borough of Richmond upon Thames and London Borough of Wandsworth
Starting Salary from £32,841 for Assistant Engin
Job Title
Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Service Manager - Environmental Health (Commercial)

Barnet London Borough Council
£62,766 - £69,984
The Assurance and Public Protection directorate ensures democratic accountability of council services. Barnet (City/Town), London (Greater)
Recuriter: Barnet London Borough Council

Pause Practice Lead

Oxfordshire County Council
£54495 - £57864
Are you an ambitious, creative and influential leader who is passionate about reducing the number of children being removed into care by supporting women to bring about change in their lives? About Pause Pause works with women who have experienced re Oxford
Recuriter: Oxfordshire County Council

Multi Schools Council Quadrant Facilitator

Essex County Council
£29121.00 - £34259.00 per annum + + 26 Days Leave & Local Gov Pension
Multi Schools Council Quadrant FacilitatorPermanent, Full Time£29,121 to £34,259 per annumLocation
Recuriter: Essex County Council

Early Help Navigators (MASH Service)

London Borough of Richmond upon Thames and London Borough of Wandsworth
£40,737 - £49,365 per annum
Early Help Navigators (MASH Service)
Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth
Linkedin Banner