We have removed 190 cases (0.04%) from the dataset as there was insufficient information to assign them to a suitable bedroom or room category. Private rental growth measures, a UK comparison: January to December 2021 Article | Released 20 January 2022 Compares growth in the Index of Private Housing Rental Prices (IPHRP) with other measures of private rental growth. It also reflects an increase in supply, such as an excess supply of rental properties as short-term lets change to long-term lets. Following theDigital Economy Act 2017, the Office for National Statistics (ONS) gained access to Valuation Office Agency (VOA) private rental microdata. We aim to redevelop the IPHRP and private rental market summary statistics (PRMS) to produce mix-adjusted average rental prices that are comparable over time. While actual rental prices cannot currently be published in the IPHRP because of data access constraints, we are actively working to acquire the necessary data. As part of this release, the underlying index weights used in the IPHRP production process to aggregate the index have been updated. The Royal Institution of Chartered Surveyors' (RICS') December 2021 Residential Market Survey reported that with a strong growth in tenant demand in December 2021, and a further decline in the number of new listings, over half of respondents to the survey anticipate further rent increases in the coming three months. You can change your cookie settings at any time. The Office for National Statistics (ONS) is working to ensure that the UK has the vital information needed to respond to the impact of the coronavirus (COVID-19) pandemic on our economy and society; this includes how we measure the Index of Private Housing Rental Prices (IPHRP). Focusing on the English regions, the largest annual rental price increase in the 12 months to November 2021 was in both the East Midlands and the South West at 3.1%. It is also only published down to a country and regional level. Youve accepted all cookies. In the 12 months to January 2022, rental prices for the UK excluding London increased by 3.0%, up from an increase of 2.7% in December 2021. Younger households are more likely to rent privately than older households; in 2017 those in the 25 to 34 years age group represented the largest group (35%). The price collection for this publication has not been affected. Accessed July 01, 2023. https://www.statista.com/statistics/291787/average-mean-weekly-rent-of-private-renters-in-england-uk-y-on-y/. Data presented are classified as Experimental Statistics. Most regions had a similar spread of rents, but London rents had the greatest range of prices of all regions. The IPHRP is released as an Experimental Statistic, and is subject to revisions if improvements in the methodology are identified. Youve accepted all cookies. Estimates are based on a known sample rather than a census. The Index of Private Housing Rental Prices (IPHRP) measures the change in the price tenants face when renting residential property from private landlords. Scotland's rental growth has remained weaker than the rest of the UK since August 2016. We use this information to make the website work as well as possible and improve our services. Private rental prices paid by tenants in the UK rose by 5.0% in the 12 months to May 2023, up from 4.8% in the 12 months to April 2023. Main points Private rental prices paid by tenants in the UK rose by 1.3% in the 12 months to January 2021, down from 1.4% in the 12 months to December 2020. The most sampled region was the South East; the least sampled region was the North East. This is a standard annual update; methodology information can be found in ourIndex of Private Housing Rental Prices Quality and Methodology Information (QMI). If you have any queries or feedback on these developments, please emailhpi@ons.gov.uk. Measures of owner occupiers' housing costs, UK: January to March 2020 Article | Released 17 June 2020 The different approaches of measuring owner occupiers' housing costs (OOH) associated with owning, maintaining and living in one's own home. This is not the latest release. Supply and demand pressures can take time to be reflected in the Index of Private Housing Rental Prices (IPHRP). Region: Average monthly room rent Q1 2023: Average monthly room rent Q1 2022: Annual change Q1 2023 vs Q1 2022: East Anglia: 608: 540: 13%: East Midlands: 525: 462: 14%: North East: 506: 435: 16%: North West: 543: . This means that the index makes use of data that are already collected for other purposes to estimate rental prices. This number (i.e., the "average") is skewed on the high side by those paying very high rents, for instance in London. Private rental prices paid by tenants in the UK rose by 1.7% in the 12 months to November 2021, up from 1.6% in the 12 months to October 2021. Main points The median monthly rent was 700 for England, recorded between 1 April 2019 and 31 March 2020; it has not been higher. facts. You can change your cookie settings at any time. Rent Officers are statutory officers responsible for ensuring that collected lettings information is representative of the full range of market rents for similar properties on which a rent determination is made and for recording the information that they have collected on the lettings information database. The cost of living crisis is being felt everywhere . The Association of Residential Letting Agents(ARLA) reported in their Private Rented Sector Report, December 2020 that less than a third of agents witnessed landlords increasing rents in December. Private rental prices in Scotland grew by 2.6% in the 12 months to January 2022, up from an increase of 2.3% in December 2021, and the highest annual growth rate since records began in 2012. statistic alerts) please log in with your personal account. Index of Private Housing Rental Prices, UK: monthly estimates Dataset | Released 22 March 2023 Rental price statistics historical data time series (indices and annual percentage change). This includes how we measure the Index of Private Housing Rental Prices (IPHRP). Data for Northern Ireland also include data provided by Propertynews.com. UK data are from January 2015. London private rental prices decreased by 0.1% in the 12 months to November 2021, down from an increase of 0.1% in October 2021. Excluding London, the average UK rent price is 8% higher than last year, up to 861 PCM, showing a 10% growth on pre-Covid prices. Annual private rental prices increased by 4.9% in England, 5.0% in Wales, and 5.4% in Scotland in the 12 months to May 2023. Private rental market summary statistics in England: October 2019 to September 2020 Bulletin | Released 11 December 2020 Summary of monthly private rent statistics by region, local authority and bedroom category for England. You can change your cookie settings at any time. If you exclude inner London it's 598 pcm. More information is available in Section 8: Strengths and limitations. The annual rate of change for Northern Ireland in November 2021 (5.0%) was higher than the other countries of the UK. The Association of Residential Letting Agents(ARLA) reported in their Private Rented Sector Report, December 2021 that the availability of rental stock in London has fallen by 71% in 12 months. The price collection for this publication has not been affected. Estimates are based on a known sample rather than a census. Data for England are provided from January 2005, data for Wales from January 2009 and data for Scotland from January 2011. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information Annually, over 450,000 private rental prices are collected in England, 30,000 in Wales, 25,000 in Scotland and 15,000 in Northern Ireland. The East Midlands was also the region where private rental prices were rising at the fastest annual rate throughout 2022 and the beginning of 2023. Includes measures of owner occupiers housing costs. Get quick analyses with our professional research service. The number of tenants experiencing rent increases fell slightly from 75% in September to 68% in October. 1. The data were broken down by administrative area and by bedroom or room category, and statistics were calculated on the total monthly rents (which may include some service charges such as fuel and water). Measures of owner occupiers' housing costs: weights analysis Dataset | Released 24 March 2021 Aggregate inflation measure for owner occupiers' housing costs (OOH). We use this information to make the website work as well as possible and improve our services. Private rental prices development plan: updated January 2021 Article | Released 17 September 2021 The updated proposed development plan for private rental price statistics outlines the priorities, aims and methodology under development. We aim to re-develop the Index of Private Housing Rental Prices (IPHRP) and private rental market summary statistics (PRMS) to produce mix-adjusted average rental prices that are comparable over time and geography down to lower geographic levels, to better meet user needs. In applying international statistical standards and best practice to UK economic statistics, we will draw on the technical advice of experts in the UK and internationally, and our work will be underpinned by the UKs well-established and robust framework for independent official statistics, set out in the Statistics and Registration Service Act 2007. Landlords and letting agents provide Rent Officers with data about the properties they let on the open market. These governance arrangements will promote international comparability and add to the credibility and independence of the UK's statistical system. Every region has seen an annual rent increase, with Scotland showing the largest, up 13.4% since May 2022 to 891 PCM. Private rental prices paid by tenants in the UK increased by 1.7% in the 12 months to November 2021. You can use our interactive graphs to view the change in rental values over the past two years for each of the reported regions of the UK. Data for Northern Ireland also include data provided by Propertynews.com. UK House Price Index: December 2021 Bulletin | Released 16 February 2022 Monthly house price inflation in the UK, calculated using data from HM Land Registry, Registers of Scotland, and Land and Property Services Northern Ireland. Includes measures of owner occupiers housing costs. You can sign upto receive the latest updates from the HomeLet Rental Index. Private rental prices paid by tenants in the UK increased by 1.3% in the 12 months to January 2021, down from 1.4% in the 12 months to December 2020. Private rental prices in Wales grew by 1.6% in the 12 months to January 2021, up from 1.5% in December 2020. Warning: Users should note that samples at local authority level, even for the all bedroom category, can be small; therefore, the average monthly rents may be less reliable because of the sample size (for more information, see the Sampling subsection of Section 8). Annually, over 450,000 private rental prices are collected in England, 30,000 in Wales, 25,000 in Scotland and 15,000 in Northern Ireland. In this release, the largest regional samples are nearly four times the size of the smallest sample. Cost of rent Between 2008 and 2022, the average weekly rent for private renters in England increased from 153 British pounds to 209 British pounds. We are committed to continued alignment with the highest international statistical standards, enabling comparability both over time and internationally, and ensuring the general public, statistical users and decision-makers have the data they need to be informed. Private rental prices development plan: January 2021 Bulletin | Released 19 January 2021 The priorities, aims and methodology under development for private rental prices statistics, including a broad timeline of the planned work.
