PRS Rents Up By Less Than Inflation

The Office for National Statistics has published the latest Index of Private Housing Rental Prices for the UK for January 2020. It says:

·         Private rental prices paid by tenants in the UK rose by 1.5% in the 12 months to January 2020, up from 1.4% in December 2019.

·         Excluding London, rental prices for the UK increased by 1.6% in the year to January 2020, up from 1.5% in December 2019.

·         Private rental prices grew by 1.5% in England

·         Between January 2015 and December 2019, private rental prices in the UK increased by 8.6%

Read more on the ONS website.

https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/indexofprivatehousingrentalprices/january2020