The Office for National Statistics has published a price index tracking the prices paid for renting property from private landlords in the UK.
The index shows:
- Private rental prices paid by tenants in the UK rose by 5.5 per cent in the 12 months to August 2023, up from 5.3 per cent in the 12 months to July 2023.
- Annual private rental prices increased by 5.4 per cent in England, 6.5 per cent in Wales, and 6.0 per cent in Scotland in the 12 months to August 2023.
- Within England, London had the highest annual percentage change in private rental prices in the 12 months to August 2023 at 5.9 per cent, while the North East and South West saw the lowest (4.8 per cent).
- London’s annual percentage change in private rental prices was at its highest annual rate since the London data series began in January 2006.
For the index, click here.
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