1. Household rent to income ratio in the United Kingdom (UK) 2018-2019, by region United Kingdom (UK): prime property rental prices growth 2021-2025 Rental price … For example, a property that was rented for £500 per month in March 2019 that had a rent increase of the average UK rate would be rented for £507 in March 2020. : August 2020, Index of Private Housing Rental Prices, UK 3. Rental prices for the UK excluding London increased by 1.4% in the 12 months to December … In 2019, the average rent per square meter for industrial property in the United Kingdom (UK) was highest in London. Northern Ireland data are copied forward until the next data are obtainable, which will be in the November 2020 bulletin released on 16 December 2020. Private rental prices grew by 1.4% in England, 1.6% in Wales and 0.8% in Scotland in the 12 months to October 2020. The Index of Private Housing Rental Prices (IPHRP) is a monthly experimental price index. Private rental prices paid by tenants in the UK increased by 1.4% in the 12 months to February 2021, up from 1.3% in the 12 months to January 2021. In England, private rental prices grew by 1.3%, Wales experienced growth of 1.2%, while in Scotland private rental prices increased by 0.8% in the 12 months to September 2019. Report. : December 2020, Index of Private Housing Rental Prices, UK For example, a property that was rented for £500.00 per month in May 2019 that had a rent increase of the average UK rate would be rented for £507.50 in May 2020. You can change your cookie settings at any time. Box 3.1 – Rental price growth has also slowed since 2016 The Office for National Statistics (ONS) now publishes an experimental index of private rental prices 3. Private rental prices paid by tenants in the UK increased by 1.5% in the 12 months to September 2020, unchanged since August 2020. Rental growth has started to pick up since the end of 2018, driven by strengthening growth in London. The number of new prospective tenants in September fell back to the numbers seen before the coronavirus (COVID-19) pandemic in February 2020, but was still a record high for the month of September. It is driven by the fundamental models maintained by the research team, which, in turn, are driven primarily by changes in market cap rates and net rental income. IPHRP is produced from a number of administrative sources and is classified as experimental by ONS. In England, private rental prices grew by 1.4% in the 12 months to October 2020, down from an increase of 1.5% in September 2020. Data are indexed with January 2015 as a base year. After a tricky few months, however, the latest statistics from the ONS will offer encouraging news for property investors all over the UK. You can change your cookie settings at any time. Private rental market summary statistics in England: April 2019 to March 2020 Bulletin | Released 17 June 2020 Summary of monthly private rent statistics by region, local authority and bedroom category for England. You’ve accepted all cookies. Private rental prices paid by tenants in the UK increased by 1.5% in the 12 months to April 2020, up from 1.4% in March 2020. : October 2020, Index of Private Housing Rental Prices, UK The Index of Private Housing Rental Prices (IPHRP) is constructed using large administrative sources, specified in Section 7: Measuring the data. More quality and methodology information on strengths, limitations, appropriate uses, and how the data were created is available in the IPHRP QMI. 4. The Northern Ireland annual growth rate has remained broadly consistent (around 2%) since 2018. We use this information to make the website work as well as possible and improve our services. The number of properties managed per branch also fell in September. For example, a property that was rented for £500.00 per month in October 2019 that had a rent increase of the average UK rate would be rented for £507.00 in October 2020. Private rental prices in Wales grew by 1.6% in the 12 months to October 2020, up from 1.5% in the 12 months to September 2020. It tracks the prices paid for renting property from private landlords in Great Britain. Consumer price inflation, UK: October 2020 Bulletin | Released 18 November 2020 Price indices, percentage changes and weights for the different measures of consumer price inflation. The Association of Residential Letting Agents (ARLA) reported in their Private Rented Sector Report, September 2020 that the number of tenants experiencing rent increases fell by almost a fifth in September. Hide. This means that the index makes use of data that are already collected for other purposes to estimate rental prices. The annual rate of change for Northern Ireland in October 2020 (2.4%) was higher than that of the other countries of the UK. Index of Private Housing Rental Prices, UK: monthly estimates Dataset | Released 18 November 2020 Rental price index historical time series (index values and annual percentage change). Rental growth in Scotland increased by 0.8% in the 12 months to October 2020, up from 0.6% in the 12 months to September 2020. As the UK leaves the EU, it is important that our statistics continue to be of high quality and are internationally comparable. The HomeLet Rental Index provides the most comprehensive and up-to-date data on rental values in the UK and the trends reported within the HomeLet Rental Index are from data on actual achieved rental values for just-agreed … Hide. The HomeLet Rental Index provides the most comprehensive and up-to-date data on rental values in the UK and the trends reported within the HomeLet Rental Index are from data on actual achieved rental values for just-agreed … Last updated 2020. Specific queries must be directed to the Media Relations Office. During the transition period, those UK statistics that align with EU practice and rules will continue to do so in the same way as before 31 January 2020. UK data are from January 2015. The sources of private rental prices are the Valuation Office Agency (VOA), Scottish Government, Welsh Government and Northern Ireland Housing Executive (NIHE). The sources of the annually updated expenditure weights are the Ministry of Housing, Communities and Local Government (MHCLG), Scottish Government, Welsh Government, NIHE and VOA. Outer London prime housing market 6-month rental prices index change (UK) 2014-2015 UK: Home Counties prime lettings index change quarterly 2013-2017 Prime yield … Data presented in this dataset are classified as Experimental Statistics and subject to revisions if improvements in the methodology are identified. Available rental stock in London is up by 19% compared to this time in 2019, while outside the capital the fast-paced market has led to available rental stock being down by 54% The time it is taking to let a property is at its fastest pace ever in seven regions, with the South West being quickest at an average of just 14 days to agree a tenancy Focusing on the long-term trend, between January 2015 and October 2020, private rental prices in the UK increased by 9.6% (Figure 2). At the same time, the volume of landlord instructions coming onto the market declined. Growth in private rental prices paid by tenants in the UK has slowed since the beginning of 2016, driven mainly by a slowdown in London over the same period. It tracks the prices paid for renting property from private landlords in the UK. Private rental prices paid by tenants in the UK rose by 1.3% in the 12 months to September 2019, unchanged since May 2019. Figure 6 shows the historical 12-month percentage growth rate in the rental prices of each of the English regions. Private rental prices paid by tenants in the UK increased by 1.3% in the 12 months to January 2021, down from 1.4% in the 12 months to December 2020. The HOMELET RENTAL INDEX figures for April 2021 have now been released, with UK average rents at their highest levels since the index was launched in 2014. As this situation evolves, we are developing several solutions to meet potential scenarios depending on the amount of data that are able to be collected by our data suppliers and to consider how we produce forthcoming publications. The Office for National Statistics (ONS) has released a public statement on the coronavirus (COVID-19) and the production of statistics; Section 7: Measuring the data describes the situation in relation to the Index of Private Housing Rental Prices (IPHRP). Index of Private Housing Rental Prices percentage change over 12 months by English region, January 2007 to October 2020. UK private rental growth by English regions. Includes measures of owner occupiers’ housing costs. Private rental prices paid by tenants in the UK increased by 1.5% in the 12 months to August 2020, up from 1.4% in the 12 months to July 2020. This is the biggest slowing seen in private rental prices in London since March 2017. Explore the data, compare cities and follow trends over time using our interactive charts and tables. Looking forward, we estimate Retail Price Index in the United Kingdom to stand at 1.60 in 12 months time. Estimates are based on a known sample rather than a census. UK House Price Index: September 2020 Bulletin | Released 18 November 2020 Monthly house price inflation in the UK, calculated using data from HM Land Registry, Registers of Scotland, and Land and Property Services Northern Ireland. The ONS has released a public statement on the coronavirus and the production of statistics. The Royal Institution of Chartered Surveyors' (RICS') October 2020 Residential Market Survey reported that tenant demand continued to a rise across the UK. RPI continues to be used in leases where rent reviews are index-linked, the Retail Price Index is … For example, a … All content is available under the Open Government Licence v3.0, except where otherwise stated, /economy/inflationandpriceindices/bulletins/indexofprivatehousingrentalprices/october2020, Figure 1: The UK annual private rental price growth has been between 1.4% and 1.5% since November 2019, Figure 2: UK rental prices have increased by 9.6% since January 2015, Figure 3: The annual rental growth in Scotland has been lower than other countries of the UK since August 2016, Figure 4: Rental prices have increased more in England and Northern Ireland than in Wales and Scotland since 2015, Figure 5: The strongest annual rental price growth was in the East Midlands, UK private rental growth rates by country, UK private rental growth by English regions, Private Rented Sector Report, September 2020, Royal Institution of Chartered Surveyors' (RICS') October 2020 Residential Market Survey, Index of Private Housing Rental Prices, UK: annual weights analysis, Index of Private Housing Rental Prices, UK: monthly estimates, Measures of owner occupiers' housing costs, Measures of owner occupiers' housing costs: weights analysis, Private rental growth measures, a UK comparison: October to December 2019, Consumer price inflation, UK: October 2020, Private rental market summary statistics in England: April 2019 to March 2020, Private rental prices development plan: June 2020, Measures of owner occupiers' housing costs, UK: January to March 2020, Index of Private Housing Rental Prices, UK. After the transition period, we will continue to produce our inflation statistics in line with the UK Statistics Authority's Code of Practice for Statistics and in accordance with internationally agreed statistical guidance and standards. The HomeLet Rental Index provides the most comprehensive and up-to-date data on rental values in the UK and the trends reported within the HomeLet Rental Index are from data on actual achieved rental values for just-agreed … : June 2020. Scotland’s rental growth has remained weaker than that of the rest of the UK since August 2016. Overview: Rent prices Please click on the link below for rental data from Defra, up to 2018 for the Farm Business survery rent data for England. This was followed by the South East, at 1.1%. All content is available under the Open Government Licence v3.0, except where otherwise stated, /economy/inflationandpriceindices/bulletins/indexofprivatehousingrentalprices/previousReleases, Index of Private Housing Rental Prices, UK Private rental prices development plan: June 2020 Bulletin | Released 15 June 2020 The priorities, aims and methodology under development for private rental prices statistics, including a broad timeline of the planned work. Office rental prices and those for coworking spaces at the UK’s major cities are all feeling the long-term effects of the Covid-19 pandemic with predictions that they will slump even further as a result of the new lockdown measures announced by the government on Monday. The Index of Private Housing Rental Prices (IPHRP) is a quarterly experimental price index. While actual rental prices cannot currently be published in the IPHRP because of data access constraints, we are actively working to acquire the necessary data. Private rental growth measures, a UK comparison: October to December 2019 Bulletin | Released 15 January 2020 Compares growth in the Index of Private Housing Rental Prices (IPHRP) with other measures of private rental growth. The HOMELET RENTAL INDEX figures for April 2021 have now been released, with UK average rents at their highest levels since the index was launched in 2014. Focusing on the English regions, the largest annual rental price increase in the 12 months to July 2020 was in the South West, at … The Index of Private Housing Rental Prices (IPHRP) measures the change in the price tenants face when renting residential property from private landlords. Private rental prices paid by tenants in the UK rose by 1.4% in the 12 months to October 2020, down from an increase of 1.5% in September 2020. Private rental prices paid by tenants in the UK increased by 1.4% in the 12 months to October 2020, down from an increase of 1.5% in September 2020. This represents an impressive increase, considering the circumstances. Administrative data are data that people have already provided to the government through day-to-day activities, for example, health records, social security payments or educational attainment information. More insights from Hometrack We also run a monthly report that tracks the average changes in home prices at city, region and national level across the UK. The Index of Private Housing Rental Prices measures the change in price of renting residential property from private landlords, based on an index … For example, a property that was rented for £500.00 per month in May 2019 that had a rent increase of the average UK rate would be rented for £507.50 in May 2020. View latest release. Northern Ireland data are only available every three months. Growth in private rental prices paid by tenants in the UK has generally slowed since the beginning of 2016, driven mainly by a slowdown in London over the same period. London private rental prices increased by 0.9% in the 12 months to October 2020, down from 1.2% in the 12 months to September 2020. Index of Private Housing Rental Prices, UK: annual weights analysis Dataset | Released 25 March 2020 Aggregate weights information used in the experimental Index of Private Housing Rental Prices (IPHRP). Focusing on the English regions, the largest annual rental price increase in the 12 months to October 2020 was in the East Midlands, at 2.4%, down from 2.6% in September 2020 (Figure 5). Official Statistics Index of Private Housing Rental Prices, UK: February 2021 The Index of Private Housing Rental Prices (IPHRP) is a monthly experimental price … Our rental price analysis for Cambridge summarises the advertised rents for homes to let, calculated daily from the rental properties found by the Home.co.uk Property Search Engine Summary of Properties for Rent in Cambridge In the 12 months to October 2020, rental prices for the UK excluding London increased by 1.6%, unchanged since June 2020 (Figure 1). Index of Private Housing Rental Prices, UK Statistical bulletins An experimental price index tracking the prices paid for renting property from private landlords in … The Index of Private Housing Rental Prices (IPHRP) is a quarterly experimental price index. 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