Private Rents Falling In Real Terms

New figures showing rents have dropped, when set against inflation, prove the market is working, says the RLA. Private rental prices paid by tenants in the UK rose by 1.3% in the 12 months to July 2019, unchanged since May 2019.Inflation over the same period was:

·         2% as measured by CPI(H) which includes owner occupiers’ housing costs.

·         2.1% as measured by CPI.

·         2.8% as measured by RPI.

This means a real term fall in private rents. More can be found in the Index of Private Housing Rental Prices.

https://www.housingnet.co.uk/pdf/Index_of_Private_Housing_Rental_Prices,_UK_July_2019_(1).pdf