
Average rents continue to outpace wage growth, LandlordBuyer warns
Office for National Statistics (ONS) data showed average UK private rents increased by 3.3% in the year to June 2026, taking the average monthly rent to £1,388.

Office for National Statistics (ONS) data showed average UK private rents increased by 3.3% in the year to June 2026, taking the average monthly rent to £1,388.

Wages have outpaced inflation again, offering households more financial breathing room, but concerns remain over the potential for rising inflation and its impact on interest rates.

On average, house prices in England have risen by £103,000 over the past decade, while annual wages have increased by £7,734.

Average rents could rise by 13% over the next three years, as today’s high market rates work their way through existing tenancies.

Costs have increased almost £4,913 for mortgage, food and tax combined while average wages increased just £3,390.

Wages have outpaced the consumer price index (CPI) inflation rate, which fell to 6.8% last month.

Brits looking to build a deposit to buy a home have taken a hit with households' ability to save having been reduced.
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