Private Rents below Inflation

The ONS Statistical bulletin for the “Index of Private Housing Rental Prices (IPHRP), April to June 2014” emphasises key areas from within the private rented sector (PRS). Specifically these are:

·         Private rental prices paid by tenants in Great Britain rose by 1.0% in the 12 months to June 2014

·         Private rental prices grew by 1.0% in England, 1.1% in Scotland and 0.2% in Wales during the 12 months to June 2014

·         Rental prices increased in all English regions over the year 2014, with rental prices increasing the most in London (1.4%)

These findings show that despite popular belief, private landlords are not putting up their rents and, on the contrary, are providing on the whole rents that are rising less than social housing when many landlords are now housing tenants that would normally be housed by local authorities. Read more on the Residential Landlords Association website.