Rental Prices Rise in Great Britain

Private rental prices paid by tenants in Great Britain rose by 1.5% in the 12 months to October 2017 according to ONS

Statistical Bulletin released yesterday from the Office for National Statistics (ONS): Index of Private Housing Rental Prices, Great Britain – October 2017.

An experimental price index tracking the prices paid for renting property from private landlords in Great Britain.

Main Points as mentioned in the release:

Private rental prices paid by tenants in Great Britain rose by 1.5% in the 12 months to October 2017; this is down from 1.6% in September 2017.

In England, private rental prices grew by 1.5%, Wales also saw growth of 1.5% while Scotland saw rental prices increase by 0.4% in the 12 months to October 2017.

London private rental prices grew by 0.8% in the 12 months to October 2017, that is, 0.7 percentage points below the Great Britain 12-month growth rate.

The statistical bulletin released 14th November is available to read in full on ons.gov.uk click here.

Source: estateagentnetworking.co.uk