There’s been a broad welcome from industry figures for the latest rental market data from the Office for National Statistics.

The average UK monthly private rent increased by 3.3%, to £1,388, in the 12 months to June.

Average rents increased by 3.4% to £1,446 in England, by 4.9% to £843 in Wales, and by 1.3% to £1,012 in Scotland, in the 12 months to June.

In Northern Ireland, average rents have risen by 2.9% to £877 in the 12 months to April.

In England, private rent rises were highest in the North East at 6.3%, and lowest in London at 2.2% over the last 12 months.

Jeremy Leaf, north London estate agent and a former RICS residential chairman, says: “Activity has remained surprisingly robust. Solid rental levels continue to be supported by lack of supply prompted in part by landlords selling up – albeit in smaller numbers – due to tax and regulatory concerns.

“In our offices, we have noticed a fair number of existing landlords playing a wait-and-see game to see whether rents increase sufficiently to justify remaining in the sector. Demand remains solid but better-quality tenants are in shorter supply. 

“Of more concern is the lack of new, younger breed or even larger scale, Build To Rent landlords ready to take their place.”

Nathan Emerson, chief executive of Propertymark, comments: “The rental sector continues to face intense pressure, with around seven people approaching Propertymark member agents for every available property they have on offer.

“Ultimately, we need to see a significant increase in the number of rental properties entering the lettings market to keep pace with growing demand and help ease overall costs for many renters.

“It is important that housing continues to take centre stage across all nations individually, especially considering there are still many uncertainties in the wider economy to contend with.”