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

Customer Payment Solutions Lead (Business Support) - EFDC

Essex County Council
Up to £15.0000 per hour
Customer Payment Solutions Lead (Business Support) - Epping Forest District Council 30 Hours per Week Part-Time, Temporary Up to 11 Month Contract£15 England, Essex
Recuriter: Essex County Council

Targeted Youth Advisor

Essex County Council
£28514.00 - £33545.00 per annum
Targeted Youth AdvisorPermanent, Full Time£28,514 to £33,545 per annumLocation
Recuriter: Essex County Council

Part Time Business Operations Assistant - ACL

Essex County Council
Up to £25081.00 per annum + Pro Rata
Part Time Business Operations Assistant - ACLPermanent, Part Time£25,081 per annumLocation
Recuriter: Essex County Council

Multi Therapy Assistant

London Borough of Richmond upon Thames and London Borough of Wandsworth
£35,391 - £42,888 per annum
Multi Therapy Assistant£35,391 - �... Wandsworth, London
Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Part Time Business Operations Assistant - ACL

Essex County Council
Up to £25081.00 per annum + Pro Rata
Part Time Business Operations Assistant - ACLPermanent, Part Time£25,081 per annum, full time equivalentLocation
Recuriter: Essex County Council
Linkedin Banner