Rents see a rise of 2.6% over the last year

Data from the Office of National Statistics (ONS) reveals that private rental prices paid by tenants in the UK rose by 2.6% in the 12 months to January 2016. This figure is up on the December 2015 figure of 2.5%. Considerable regional variations exist, with London rents up by 3.9% whereas those in Wales rose by only 0.7%. Steve Bolton, founder of Platinum Property Partners, commented that a shortage of suitable properties combined with strong demand, both from people priced out of the housing market and those who prefer to rent, lies behind these increases.

Full story available from PropertyWire: http://www.propertywire.com/news/europe/uk-rental-price-index-2016022611606.html

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