Private rents rose by 2.1% in the 12 months to March, the ONS has reported.
Rents rose by 2.1% in both England and Scotland and by 0.8% in Wales.
Rents increased most in London, by 3.2%, and rose least in the north-east, by just 0.4%.
The “experimental” index by the ONS gives no actual rent prices.
Comments (1)
Small point, if HMRC were doing their job properly ONS wouldn’t have to experiment with anything.
From the actual rent average rent for this past tax year (total collected divide by number of tenancies) deduct the average rent for the previous year. Divide the answer by the average rent for the previous year, multiply by 100 and voila that is the average % increase. No experiments required, no expensive consultants, not even difficult KS3 mathematics just two government departments communicating with each other. Sorry Mr Wilson I can’t put it any more tactfully than that!