ONS: UK private rental prices rose 1.5% in the year to May

Jessica Bird

June 17, 2020

private rental prices

Figures released by the Office for National Statistics (ONS) have revealed that private rental prices were unchanged between April and May 2020, and showed an increase of 1.5% year-on-year. 

Private rental prices grew by 1.5% in England, 1.2% in Wales and 0.6% in Scotland in the 12 months to May 2020.

In London, private rental prices rose by 1.2% over the same period.

Between January 2015 and May 2020, private rental prices in the UK increased by 9.2%.

Across the English regions, the largest annual increase was in the South West (2.5%, down from 2.6% in April 2020) and the East Midlands (2.5%, up from 2.4% in April 2020).

The lowest was in the North East, where rental prices increased by 0.8% over the year, followed by the North West, which increased by 1.0%.

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