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

Chief Executive

West Northamptonshire Council
£188,576 - £201,902 (pay award pending)
Join us for a rare opportunity to lead one of the UK’s newest and most ambitious councils Northamptonshire
Recuriter: West Northamptonshire Council

Durham Cares Sufficiency Delivery Lead

Durham County Council
£44,075 - £48,226 Grade 12
Do you want your work to make a real difference to the lives of children and young people in our care?   This is a brilliant opportunity to join a new Spennymoor
Recuriter: Durham County Council

Durham Cares - Care Resource Specialist

Durham County Council
£38,220 - £41,771 Grade 10
Do you want your work to make a real difference to the lives of children and young people in our care?   This is a brilliant opportunity to join a new Spennymoor
Recuriter: Durham County Council

Waste Project Officer

Durham County Council
£32,597 - £36,363
The strategic waste management team have an opening for a Waste Project Officer. If you are interested in community engagement, are an excellent commu Durham
Recuriter: Durham County Council

Policy Officer

Durham County Council
Career Grade 7 to 9 - Grade 7 £30,024 - £33,699 / Grade 8 £32,597 - £36,363 / Grade 9 £35,412 - £39,152
We are seeking a motivated and analytical Policy Officer to support the design, delivery, and evaluation of key policy and strategy documents relating Durham
Recuriter: Durham County Council
Linkedin Banner