Rents increased by 1.2% in the UK in the year to April 2019 – PropertyWire
The ONS also said that rent paid by tenants to private landlords in the UK rose by 1.2% in the year to April. The average UK house price was 227,000 in March, up 1.4% on the same month a year.
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he believes that its impact on the UK housing market could be far reaching with the firm seeing a consistent reduction in the number of landlords buying investment properties since April this year..
Average annual rental values in the prime central London lettings market fell by 1.5% in March but increased month on month for. A survey by insurer AXA last year showed almost half of UK landlords.
The Consumer Price Index for United Kingdom is 107.9 for the month of June 2019.The inflation rate year over year is 2% (compared to 2% for the previous month). Inflation from May 2019 to June 2019 was 0%.
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Landlords are raising rents after being hit by the buy-to-let clampdown in their tax bills. ONS data shows rents rose 0.9% in the 12 months to May 2019, the highest annual growth since September 2017. Across the UK, tenants saw rents rise 1.3% annually in May, up from 1.2% a month before. Northern.
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Rents increased by 1.2% in the UK in the year to April 2019 Rents in the UK’s private rented sector increased by 1.2% in the 12 months to April 2019, unchanged from March 2019, according to the latest official figures.
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House prices rose by 1.4% annually across the UK in April, with the subdued pace of growth being mainly driven by southern England while there were stronger increases elsewhere, according to an official report. The average UK house price was 229,000 in April, according to the figures released.
The data shows that rents increased by 2.4% in the South East to 1,061, by 1.6% in the Midlands to 686 and by 1.1% in the North of England to 628. But rents fell by 0.5% in the East of England to 945 and by 0.1% in Wales to 666. The monthly index also shows that more people aged 50 and over are renting to reach a record high.
The UK’s total household debt rose by 3% (The money statistics april 2019 full Report, P5.) for the year to the end of February 2019, while average credit card debt per household stood at 2,649 (P3.) compared to 2,638 in January, having also been flat in the previous three months.