Latest ONS rental prices index shows increases across the UK
The latest Index of Private Housing Rental Prices has now been released by the Office for National Statistics (ONS).
Mary-Anne Bowring, group managing director at Ringley and creator of automated lettings platform PlanetRent, comments: “Today’s (15th July) ONS figures highlight the resilience of the UK rental market, with steady rental growth across the board despite a turbulent period due to the Coronavirus pandemic.
“While the ONS stats show more subdued growth than other indices, all regions recorded positive growth throughout June.
“London in particular, recorded steady rental growth, demonstrating the robust nature of the capital’s rental market.
“For institutional investors such as pension funds and insurers looking to enter the UK rental market in search of steady income streams to match their liabilities, today’s figures are good news. Similarly, for buy-to-let landlords, it shows there is money to still be made in rental property, despite facing a tougher regulatory and tax environment.”