Rents Rise But Fail To Keep Pace With Inflation

Average UK rents rose between July and September but failed to keep pace with inflation, according to the latest edition of The Deposit Protection Service (The DPS) Rent Index. The stats show the average increased by £7 (0.91%) to £778: less than half the rise in inflation (1.90%) during the period – with some 32% of wages now spent on rent. Two consecutive quarterly increases have seen rents reach the highest value since the Rent Index launched in 2017 following a period of decline during 2018. Read more on the DPS website.

https://www.depositprotection.com/news/latest-news/2019/the-dps-rent-index-q2-2019-is-out-now/