Friday 4 November 2016

PRS Rents Rise 2.3%

Private rents increased by 2.3% across Great Britain over the past year as demand for rented homes outstripped supply, according to the Office for National Statistics (ONS). Official figures published showed rents increased 2.3% on average in the 12 months to September. This is significantly above inflation, with the Consumer Price Index showing general inflation increased by 1% in the year to September. The ONS figures showed average rents increased by 2.5% in England and by 0.1% in Wales. Rents fell slightly in Scotland, by 0.1%. Read more on the ONS website.

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