Rents in Britain up 1.8% year on year, unchanged for three consecutive month

Colourful terraced houses in Portland Road Kensington and Chelsea London W11. Image shot 2008. Exact date unknown.Rents in Britain increased by 1.8% in the 12 months of June 2017, unchanged for the three consecutive month. According to the National Statistics (ONS), Rents in England increased by 1.9%, in Wales they were up by 1.1% while Scotland saw rental prices increase by 0.2%. But in London the rental growth has been slower, up by 1.3% in the 12 months to June 2017, some 0.5% below the national growth rate.

The largest annual rental price increases were in the South East at 2.8%, unchanged from May 2017, followed by the East Midlands at 2.6%, up from 2.5% in May 2017, the South West at 2.4%, down from 2.5% in May 2017 and the East of England at 2.3% was unchanged month on month. The lowest annual rental price increases were in the North East at 0.5%, down from 0.6% in May, London at 1.3% was unchanged month on month, the North West at 1.5% was up from 1.3% in May 2017 and Yorkshire and The Humber at 1.7% was unchanged. Between January 2011 and June 2017, rents have increased by 14.8. When London is excluded, private rental prices increased by 10.8% over the same period. Rental growth in Scotland increased by 0.2% in the 12 months to June 2017 and has remained around zero since August 2016. This weaker growth may be due to stronger supply and weaker demand in Scotland.

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