STAY CONNECTED!
    
newsletter-button

TODAY'S OTHER NEWS

ValPal
Average rents up 1.8% in past year, say official government figures

The typical rent paid by tenants across Britain rose by an average of 1.8 per cent in the 12 months to June according to the latest official figures from the Office for National Statistics.

This annual rate has remained unchanged now for the past three months of ONS data.

In England, average rents grew by 1.9 per cent, while Wales saw growth of 1.1 per cent and Scotland witnessed a small increase of 0.2 per cent over the same 12 month period.

In London, average rents grew 1.3 per cent - around half a per cent less than the all-Britain figure.

The ONS says rental growth has been slowing since the end of 2015, a trend confirmed by the Royal Institution of Chartered Surveyors and the Association of Residential Letting Agents.

Earlier this week Countrywide put the average rent rise over the past year in Britain as 1.1 per cent.

imgcollapse
sign up