Our doors may be closed, but we’re still here for you. In line with government advice on the outbreak of Coronavirus (COVID-19), all our Parkers branches will be temporarily closed until further notice. The health and safety of our staff and customers is, of course, our number one priority. But while we might not be able to see you, we are still here if you need us. The Parkers teams are all working remotely, ensuring we can provide continuous support for all our customers. Please email your nearest branch directly through the website and, most importantly, stay safe and healthy during these difficult times

Official figures show rents in Britain rose an average 2.3% in a year

Official figures show rents in Britain rose an average 2.3% in a year

Government figures from the Office for National Statistics show average rents in privately let homes across Britain rose by an average of 2.3 per cent in the year to September. 

The ONS points out that official inflation over the same period was 1.0 per cent.

Unsurprisingly southern England saw the largest rent rises - up 3.5 per cent over the year in the south east, followed by 3.0 per cent in the East of England region.

The breakdown for the national regions show that average rents grew 2.5 per cent over the 12 month period in England - Welsh rents increased just 0.1 per cent while in Scotland they actually fell slightly by 0.1 per cent.

"Residential house price growth in Britain has typically been stronger than rental price growth, with an average 12-month rate of house price inflation between January 2014 and August 2016 of 7.3 per cent, compared with 2.1 per cent for rental prices," says the ONS.


Article courtesy of Letting Agent Today | Sign up for Letting Agent Today newsletter | Get this news on YOUR site!