
Private rents rise by 3.3% year-on-year – ONS
Average rents rose to £1,446 (3.4%) in England, £843 (4.9%) in Wales, and £1,012 (1.3%) in Scotland.

Average rents rose to £1,446 (3.4%) in England, £843 (4.9%) in Wales, and £1,012 (1.3%) in Scotland.

Both new work and repair and maintenance were up, rising by 1.1% and 2.1% respectively.

In England, the North East had the highest annual rent inflation at 5.9%, while London was lowest at 2.0%.

Average rents in Wales climbed to £834, Scotland to £1,019, and Northern Ireland to £877.

The online DIP enables brokers to key cases directly into the portal, with income input simplified to gross income only.

Incomes have continued to rise faster than rents in England, but lagged behind in Wales and Northern Ireland.

The Federation of Small Businesses (FSB) called for more action from Government to ensure growth among small firms is nurtured.

The annual rate in February 2024 was the lowest since October 2021, when it was also 3.8%.

UK inflation dropped to 4.6% in October down from 6.7% in September, according to the latest figures from the Office for National Statistics (ONS).

In London, more than three-quarters (77%) of privately rented properties have seen a price rise.
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