Private rental prices unstifled by Brexit

Private rental prices paid by tenants in Great Britain rose by 2.4% over the past year, new data has revealed

Section: NEWS

An Index of Private Housing Rental Prices (IPHRP) published by the Office for National Statistics (ONS) found that private rental prices grew by 2.6% in England for the 12 months ending July 2016.

Meanwhile, prices grew 0.2% in Scotland and were unchanged in Wales

In England, rental prices increased across all regions, though the South East saw the biggest growth at 3.5%.

London rental prices also rose by 3%, while the East Midlands increased by 2.5%

Meanwhile, the North East of England experienced the lowest growth, with rental prices rising by only 0.9%.

This trend continued in the North West, where prices rose just 1.2%.

Since 2013, rental prices across the UK have risen by 2.1%.

Keywords: Bridging Finance, Commercial Finance, Bridging Lender, Commercial Lender, Alternative Finance, Broker news, Bridging loans, private rental prices, Scotland, London, England, North West

Source: BTL Insider — https://btlinsider.co.uk/private-rental-prices-unstifled-by-brexit