Private rental prices paid by tenants in the UK rose by 1.2% in the 12 months to April 2019, unchanged from March 2019, ONS’s Index of Private Housing has found. In England, private rental prices grew by 1.2%, Wales experienced growth of 1.1%, while in Scotland private rental prices increased by 0.7% in the 12 months to April 2019.
Rents. April, according to the latest data from the landbay rental index Top Mortgage Lending Companies. It also shows that in London rents have now been falling for a year and were down 0.12% in May and down 0.94% since June.
Although the annual rate of growth is down slightly on April’s 2.6% figure, rent price rises in the UK were led by England, where rents rose by 2.6% over the 12 months to May. Scotland experienced rent price growth of 0.4% over the year, while prices remained flat in Wales.
Northern Ireland data have been copied forward since December 2018. and that the number of available rental properties does not decrease still further,’ she added. While rental growth rates across.
Rents on newly let homes increased. april 2016, when the stamp duty surcharge on additional homes was introduced, landlords have sold considerably more buy to let homes properties they’ve purchased.
Asking rents in the UK increased by 3%. tighter lending criteria and increased stamp duty. We definitely won’t see the spike in the first quarter purchases that we saw last year as landlords rushed.
Eight regional hotspots’ showed an increase in rents of more than the UK average over the first three months of 2019 and year on year the region with the largest increase was the South West, up 5.8%..
Residential rents in London have dropped 10% year on year while. The South East saw an average increase of 2.71% in the second quarter as asking rents recovered from a slight fall in April. Overall.
The data also shows that since the beginning of 2012, English rental prices have shown annual increases ranging between 1.4% and 3.0% year. from 1.2% in July, and Yorkshire and the Humber at 1.3%,
The smallest annual rises were reported in the North East, up by 0.9%. The North West recorded rises of 1.2%, with Yorkshire and the Humber showing increases of 1.3%. Since the beginning of 2012, rental prices in England have increased by 1.4% and 3% year-on-year. However, the lack of forward movement in Wales means that rents here are well behind.