100+ datasets found
  1. Average residential rent for new-lets in the UK 2025, by region

    • statista.com
    Updated Nov 29, 2025
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    Statista (2025). Average residential rent for new-lets in the UK 2025, by region [Dataset]. https://www.statista.com/statistics/752203/average-cost-of-rent-by-region-uk/
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    Dataset updated
    Nov 29, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Mar 2025
    Area covered
    United Kingdom
    Description

    The average agreed rent for new tenancies in the UK ranged from *** British pounds to ***** British pounds, depending on the region. On average, renters outside of London paid ***** British pounds, whereas in London, this figure amounted to ***** British pounds. Rents have been on the rise for many years, but the period after the COVID-19 pandemic accelerated this trend. Since 2015, the average rent in the UK increased by about ** percent, with about half of that gain achieved in the period after the pandemic. Why have UK rents increased so much? One of the main reasons driving up rental prices is the declining affordability of homeownership. Historically, house prices grew faster than rents, making renting more financially feasible than buying. In 2022, when the house price to rent ratio index peaked, house prices had outgrown rents by nearly ** percent since 2015. As house prices peaked in 2022, home buying slowed, exacerbating demand for rental properties and leading to soaring rental prices. How expensive is too expensive? Although there is no official requirement about the proportion of income spent on rent for it to be considered affordable, a popular rule is that rent should not exceed more than ** percent of income. In 2024, most renters in the UK exceeded that threshold, with the southern regions significantly more likely to spend upward of ** percent of their income on rent. Rental affordability has sparked a move away from the capital to other regions in the UK, such as the South East (Brighton and Southampton), the West Midlands (Birmingham) and the North West (Liverpool, Manchester, Blackpool and Preston).

  2. Average weekly rent of private renters in England 2009-2024

    • statista.com
    Updated Nov 29, 2025
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    Statista (2025). Average weekly rent of private renters in England 2009-2024 [Dataset]. https://www.statista.com/statistics/291787/average-mean-weekly-rent-of-private-renters-in-england-uk-y-on-y/
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    Dataset updated
    Nov 29, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Apr 2023 - Mar 2024
    Area covered
    England, United Kingdom
    Description

    Between 2008 and 2024, the average weekly rent for private renters in England has shown a significant increase. In the 2009, the average rent was 153 British pounds, and by 2024, it had risen to 237 British pounds. Excluding London, the average rent started at 130 British pounds in 2009 and reached 191 British pounds in 2024, demonstrating a similar upward trend but at a lower rate compared to the overall average in England. Rental households in England Renting is common in England. Nearly one in five households occupied a dwelling that was privately rented in 2024. While the majority of households in the country live in an owner-occupied home, this percentage has declined since the early 2000s. Meanwhile, the share of households occupying a private rental has doubled over the past decade. This shows a growing rental sector and a shift in tenure trends in the country. Buying vs renting costs For a long time, the average monthly costs of buying a home were lower than renting. In 2021, housing costs started to increase steeply, closely followed by rental costs. This resulted in the gap nearly closing in 2023. This trend can also be observed through the house price to rent ratio - an index that follows the development of house prices relative to rents, with 2015 as a baseline year. Between 2015 and 2022, the ratio grew steadily, indicating that property prices rise faster than rents. However, with rental growth accelerating and catching up with property prices in 2022, the index declined notably.

  3. Index of Private Housing Rental Prices, UK: monthly estimates

    • ons.gov.uk
    • cy.ons.gov.uk
    xlsx
    Updated Feb 14, 2024
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    Office for National Statistics (2024). Index of Private Housing Rental Prices, UK: monthly estimates [Dataset]. https://www.ons.gov.uk/economy/inflationandpriceindices/datasets/indexofprivatehousingrentalpricesreferencetables
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    xlsxAvailable download formats
    Dataset updated
    Feb 14, 2024
    Dataset provided by
    Office for National Statisticshttp://www.ons.gov.uk/
    License

    Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
    License information was derived automatically

    Area covered
    United Kingdom
    Description

    Rental price statistics historical data time series (indices and annual percentage change). These are official statistics in development.

  4. Monthly Price Index of Private Rents (PIPR) in the UK 2015-2025

    • statista.com
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    Statista, Monthly Price Index of Private Rents (PIPR) in the UK 2015-2025 [Dataset]. https://www.statista.com/statistics/285697/great-britain-monthly-index-of-private-housing-rental-prices-iphrp/
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    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United Kingdom
    Description

    The Price Index of Private Rents (PIPR) has shown significant growth, reaching a value of 117.9 in January 2025. This marks an increase of approximately 17.9 percent since January 2023, reflecting a robust upward trend in rental prices. Notably, the index saw a steady rise throughout 2024, with an annual percentage change peaking at 9.2 percent in March 2024. Mainstream properties are forecast to see rents further increase until 2028.

  5. Average monthly home rental payments in the UK 2008-2023

    • statista.com
    Updated Sep 3, 2024
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    Statista (2024). Average monthly home rental payments in the UK 2008-2023 [Dataset]. https://www.statista.com/statistics/295967/halifax-average-monthly-costs-of-buying-and-renting-a-property/
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    Dataset updated
    Sep 3, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United Kingdom
    Description

    The average monthly home rental payment in the United Kingdom (UK) increased steadily since 2008, reaching 1, 258 British pounds in December 2023. In comparison, the average home buying costs amounted to 1,231 British Pounds that year, meaning that homeowners saved 27 British pounds monthly from the difference.

  6. Private rental market summary statistics in England

    • ons.gov.uk
    • cy.ons.gov.uk
    xls
    Updated Dec 20, 2023
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    Office for National Statistics (2023). Private rental market summary statistics in England [Dataset]. https://www.ons.gov.uk/peoplepopulationandcommunity/housing/datasets/privaterentalmarketsummarystatisticsinengland
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    xlsAvailable download formats
    Dataset updated
    Dec 20, 2023
    Dataset provided by
    Office for National Statisticshttp://www.ons.gov.uk/
    License

    Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
    License information was derived automatically

    Description

    Median monthly rental prices for the private rental market in England by bedroom category, region and administrative area, calculated using data from the Valuation Office Agency and Office for National Statistics.

  7. London Property Rental Dataset

    • kaggle.com
    zip
    Updated May 3, 2024
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    Paritosh Sharma Ghimire (2024). London Property Rental Dataset [Dataset]. https://www.kaggle.com/datasets/psgpyc/london-property-rental
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    zip(68108 bytes)Available download formats
    Dataset updated
    May 3, 2024
    Authors
    Paritosh Sharma Ghimire
    License

    MIT Licensehttps://opensource.org/licenses/MIT
    License information was derived automatically

    Area covered
    London
    Description

    This dataset contains detailed information about rental properties across various locations in the UK. The data was collected by scraping Rightmove, a popular real estate platform. Each entry in the dataset includes the property's address, subdistrict code, rental price, deposit amount, letting type, furnish type, council tax details, property type, number of bedrooms and bathrooms, size in square feet, average distance to the nearest train station, and the count of nearest stations.

    Researchers and analysts interested in the UK rental market can utilize this dataset to explore rental trends, pricing variations based on location and property type, amenities preferences, and more. The dataset provides a valuable resource for machine learning models, statistical analysis, and market research in the real estate sector.

    Metadata: Source: The data was collected by scraping the Rightmove real estate platform, a leading source for property listings in the UK. Date Range: The dataset covers rental property listings available during the scraping period. Geographical Coverage: Primarily focused on various locations across the UK, providing insights into regional rental markets. Data Fields: Address: The location of the rental property. Subdistrict Code: A code representing the subdistrict or area of the property. Rent: The monthly rental price in GBP (£) for the property. Deposit: The deposit amount required for renting the property. Let Type: Indicates whether the property is available for short-term or long-term rental. Furnish Type: Describes the furnishing status of the property (e.g., furnished, unfurnished, or flexible options). Council Tax: Information about the council tax associated with the property. Property Type: Specifies the type of property, such as apartment, flat, maisonette, etc. Bedrooms: The number of bedrooms in the property. Bathrooms: The number of bathrooms in the property. Size: The size of the property in square feet (sq ft). Average Distance to Nearest Station: The average distance (in miles) to the nearest train station from the property. Nearest Station Count: The count of nearest train stations within a certain distance from the property. Data Quality: The data may contain missing values or "Ask agent" placeholders, which require direct inquiry with agents or landlords for specific information. Potential Uses: The dataset can be used for market analysis, rental price prediction models, understanding property preferences, and exploring the impact of location and amenities on rental properties in the UK.

  8. Live tables on rents, lettings and tenancies

    • gov.uk
    Updated Nov 13, 2025
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    Ministry of Housing, Communities and Local Government (2025). Live tables on rents, lettings and tenancies [Dataset]. https://www.gov.uk/government/statistical-data-sets/live-tables-on-rents-lettings-and-tenancies
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    Dataset updated
    Nov 13, 2025
    Dataset provided by
    GOV.UKhttp://gov.uk/
    Authors
    Ministry of Housing, Communities and Local Government
    Description

    Details about the different data sources used to generate tables and a list of discontinued tables can be found in Rents, lettings and tenancies: notes and definitions for local authorities and data analysts.

    Live Tables

    https://assets.publishing.service.gov.uk/media/691338a18c90b927c818ad85/Live_Table_600.ods">Table 600: number of households on local authority housing registers (waiting lists), by district, England, from 1987

     <p class="gem-c-attachment_metadata"><span class="gem-c-attachment_attribute"><abbr title="OpenDocument Spreadsheet" class="gem-c-attachment_abbr">ODS</abbr></span>, <span class="gem-c-attachment_attribute">151 KB</span></p>
    
    
    
      <p class="gem-c-attachment_metadata">
       This file is in an <a href="https://www.gov.uk/guidance/using-open-document-formats-odf-in-your-organisation" target="_self" class="govuk-link">OpenDocument</a> format
    

    https://assets.publishing.service.gov.uk/media/691338b67a0ccd6a3aad7f6a/Live_Table_602.ods">Table 602: local authority owned dwellings let by local authorities, England, from 1981-82

     <p class="gem-c-attachment_metadata"><span class="gem-c-attachment_attribute"><abbr title="OpenDocument Spreadsheet" class="gem-c-attachment_abbr">ODS</abbr></span>, <span class="gem-c-attachment_attribute">10.7 KB</span></p>
    
    
    
      <p class="gem-c-attachment_metadata">
       This file is in an <a href="https://www.gov.uk/guidance/using-open-document-formats-odf-in-your-organisation" target="_self" class="govuk-link">OpenDocument</a> format
    

  9. Private rental market summary statistics - October 2015 to September 2016

    • gov.uk
    Updated Aug 15, 2023
    + more versions
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    Valuation Office Agency (2023). Private rental market summary statistics - October 2015 to September 2016 [Dataset]. https://www.gov.uk/government/statistics/private-rental-market-summary-statistics-october-2015-to-september-2016
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    Dataset updated
    Aug 15, 2023
    Dataset provided by
    GOV.UKhttp://gov.uk/
    Authors
    Valuation Office Agency
    Description

    The release presents the mean, median, lower quartile and upper quartile total monthly rent paid, for a number of bedroom categories. This covers each local authority in England, for the 12 months to the end of September 2016. Geographic maps are included with this publication, in a series of PDF files, by region.

  10. Average cost of rent in the UK 2025, by city

    • statista.com
    Updated Nov 29, 2025
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    Statista (2025). Average cost of rent in the UK 2025, by city [Dataset]. https://www.statista.com/statistics/1359146/average-cost-of-rent-by-city-uk/
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    Dataset updated
    Nov 29, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jul 2025
    Area covered
    United Kingdom
    Description

    Renting an apartment in Cambridge cost on average ***** British pounds per month in July 2025. This made it one of the most expensive cities for renters in the UK after London. In London region, the average rent amounted to ***** British pounds. According to the source, this figure shows the asking rent, adjusted for achieved rents. A comparison of the rent prices of different London boroughs shows that costs may vary by several hundred and even over a thousand British pounds. Looking at the regional prices, Northern Ireland, Wales, and the Northeast emerged as the regions with the most affordable rents.

  11. T

    United Kingdom Rent Inflation

    • tradingeconomics.com
    • fr.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Oct 15, 2025
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    TRADING ECONOMICS (2025). United Kingdom Rent Inflation [Dataset]. https://tradingeconomics.com/united-kingdom/rent-inflation
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    xml, excel, json, csvAvailable download formats
    Dataset updated
    Oct 15, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 31, 1989 - Oct 31, 2025
    Area covered
    United Kingdom
    Description

    Rent Inflation in the United Kingdom decreased to 4.10 percent in October from 4.30 percent in September of 2025. This dataset includes a chart with historical data for the United Kingdom Rent Inflation.

  12. Private rental market statistics - April 2013 to March 2014 (England only)

    • gov.uk
    Updated Aug 17, 2023
    + more versions
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    Valuation Office Agency (2023). Private rental market statistics - April 2013 to March 2014 (England only) [Dataset]. https://www.gov.uk/government/statistics/private-rental-market-statistics-england-only
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    Dataset updated
    Aug 17, 2023
    Dataset provided by
    GOV.UKhttp://gov.uk/
    Authors
    Valuation Office Agency
    Area covered
    England
    Description

    The release presents the mean (average), median, lower quartile, and upper quartile gross monthly rent paid (ignoring any adjustment for services not eligible for housing benefit), for a number of bedroom/room categories (see methodology section) for each local authority (LA) in England for the 12 months to the end of March 2014.

    For all tables, where the calculated statistics are derived from fewer than 10 observations, these statistics will be suppressed and appear as ‘-‘.

  13. Private rental market summary statistics: April 2018 to March 2019

    • gov.uk
    Updated Aug 15, 2023
    + more versions
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    Valuation Office Agency (2023). Private rental market summary statistics: April 2018 to March 2019 [Dataset]. https://www.gov.uk/government/statistics/private-rental-market-summary-statistics-april-2018-to-march-2019
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    Dataset updated
    Aug 15, 2023
    Dataset provided by
    GOV.UKhttp://gov.uk/
    Authors
    Valuation Office Agency
    Description

    The median monthly rent recorded between 1 April 2018 and 31 March 2019 in England was £695, from a sample of 504,970 rents.

    This release provides statistics on the private rental market for England. The release presents the mean, median, lower quartile and upper quartile total monthly rent paid, for a number of bedroom/room categories. This covers each local authority in England, for the 12 months to the end of March 2019. Geographic (choropleth) maps have also been published as part of this release.

  14. Average Private Rents, Borough - Dataset - data.gov.uk

    • ckan.publishing.service.gov.uk
    Updated Jun 9, 2025
    + more versions
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    ckan.publishing.service.gov.uk (2025). Average Private Rents, Borough - Dataset - data.gov.uk [Dataset]. https://ckan.publishing.service.gov.uk/dataset/average-private-rents-borough
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    Dataset updated
    Jun 9, 2025
    Dataset provided by
    CKANhttps://ckan.org/
    Description

    Summary of average monthly rents in private rental market, recorded per 12 month rolling period. Data updated bi-annually by local authority areas for England. These statistics used to be produced quarterly but since 2013 have been updated bi-annually in Q1 and Q3 only. VOA note on these statistics: "The sample used to produce these statistics is not statistical and may not be consistent over time as such these data should not be compared across time periods or between areas." This table only reflects the data available from the VOA and does not indicate level of statistical significance of the differences between areas or changes over time. The release presents the mean (average), median, lower quartile, and upper quartile gross monthly rent paid (ignoring any adjustment for services not eligible for housing benefit), for a number of bedroom/room categories for each Local Authority (LA) in England for the 12 month period stated. Full set of local authority tables available on the VOA website.

  15. Local Authority Average Rents - Dataset - data.gov.uk

    • ckan.publishing.service.gov.uk
    Updated Jun 9, 2025
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    ckan.publishing.service.gov.uk (2025). Local Authority Average Rents - Dataset - data.gov.uk [Dataset]. https://ckan.publishing.service.gov.uk/dataset/local-authority-average-rents
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    Dataset updated
    Jun 9, 2025
    Dataset provided by
    CKANhttps://ckan.org/
    Description

    Amount charged weekly by Local Authorities for social housing. Rents data are based on the financial year. Stock figures used to estimate the average for each county, region and the nation are taken at 1st April of the following financial year. Average rents data between 2003/04 and 2007/08 inclusively is based on total stock figures from Housing Revenue Account (HRA) audited base claim form. Before 2003/04 the average rents data is based on total stock figures from the Housing Revenue Account (HRA) second subsidy claim form. Rents data for 2008/09 are based on total stock figures as at the beginning of the financial year. This data is taken from the HRA subsidy base data form. Average rent data for this year are provisional and will be updated when stock data at the start of the following financial year become available. For a few authorities no rent figure is given because the stock is now very small and the authority no longer reports average rents. For some local authorities the average rent for 2003/04 is lower than in 2002/03. This may be due to some local authorities supplying net rents excluding service charges from 2003/04 onwards. Prior to 2003/04 some of them may have been including service charges in their rent figures. Average rent figures do not account for stock composition. 'LSVT': all or most of the local authority stock has been transferred to the RSL sector, so the average rent is no longer applicable. LSVTs are not taken into account when calculating county, regional or national averages. MYT (Mid-Year Transfer) refers to those authorities that have transferred their stock in full, part way through the financial year. Where a local authority has transferred part of it's stock mid-year, the stock figure used to estimate averages is taken as at 1st April the following financial year. MYT information is provided from 2003/04 onwards only. Prior to 2003/04 average rents figures may be based on stock figures at the start of the financial year prior to any mid-year transfer. The districts, unitary authorities and counties listed above are based on 1 April 1998 boundaries. Figures for any 'new' re-organised areas have been estimated retrospectively applying the new boundaries back to 1996. Average rents data for 2003/04 and onwards are based on a standardised 52 week collection. Data prior to 2003/04 may have been reported on various different collection scales. Average rent is calculated from stock-owning local authorities that have provided data. View Live Tables on Rents and Tenancies on DCLG website Average rents for council owned stock are reported in section H of the Local Authority Housing Statistics data

  16. Farm Rents - Dataset - data.gov.uk

    • ckan.publishing.service.gov.uk
    Updated Jul 13, 2016
    + more versions
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    ckan.publishing.service.gov.uk (2016). Farm Rents - Dataset - data.gov.uk [Dataset]. https://ckan.publishing.service.gov.uk/dataset/farm_rents
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    Dataset updated
    Jul 13, 2016
    Dataset provided by
    CKANhttps://ckan.org/
    License

    Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
    License information was derived automatically

    Description

    Estimates of average farm rent prices by farm type. The Farm Business Survey (FBS) provides information on the financial, physical and environmental performance of farm businesses in England to inform and evaluate policy decisions. Source agency: Environment, Food and Rural Affairs Designation: National Statistics Language: English Alternative title: Farm Rent Rates

  17. Average monthly rental costs and annual change in London 2025, by borough

    • statista.com
    Updated Nov 29, 2025
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    Statista (2025). Average monthly rental costs and annual change in London 2025, by borough [Dataset]. https://www.statista.com/statistics/752279/average-rental-costs-in-greater-london-boroughs/
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    Dataset updated
    Nov 29, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2025
    Area covered
    United Kingdom, London
    Description

    Rents in England's capital, London, declined by *** percent annually as of January 2025. Nevertheless, many boroughs recorded growing rental prices, with Bromley and Croydon observing double-digit growth. Across the region, Croydon, Barking, Dagenham, and Havering ranked as some of the most affordable areas to rent. As shown by the Index of Private Housing Rental Prices, rents in the UK have soared since the COVID-19 pandemic.

  18. Registered Social Landlords Average Rents - Dataset - data.gov.uk

    • ckan.publishing.service.gov.uk
    Updated Jun 9, 2025
    + more versions
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    ckan.publishing.service.gov.uk (2025). Registered Social Landlords Average Rents - Dataset - data.gov.uk [Dataset]. https://ckan.publishing.service.gov.uk/dataset/registered-social-landlords-average-rents
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    Dataset updated
    Jun 9, 2025
    Dataset provided by
    CKANhttps://ckan.org/
    Description

    Amount charged by Registered Social Landlord (Private Registered Provider (PRP)) Average Weekly Rents for social housing. Data is collected by the Housing Corporation via the annual Regulatory and Statistical Return (RSR) based on general needs stock only. Figures are based on only the larger Registered Social Landlords (RSLs) completing the long form. Upto 2006 the threshold for completing the long form was that the RSL owned/ managed at least 250 units/bedspaces. From 2007 this increased to 1,000 units/bedspaces. The districts, unitary authorities and counties listed above are based on 1 April 1998 boundaries. Figures for any 'new' re-organised areas have been estimated retrospectively applying the new boundaries back to 1997 and making appropriate assumptions. Note that the average RSL rents within a local authority area can move down from one year to the next. This is especially true if, during the latest year, most of the LA stock has been transferred through a large-scale voluntary transfer to the RSL sector. Larger housing associations report the rent they charge in the HCA’s Statistical Data Return. Data in spreadsheet includes average weekly rents for housing association general needs properties by number of bedrooms, in London by borough (stock owned by larger associations only).

  19. b

    Average monthly private sector rent for a 1 bed property - WMCA

    • cityobservatory.birmingham.gov.uk
    csv, excel, geojson +1
    Updated Dec 3, 2025
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    (2025). Average monthly private sector rent for a 1 bed property - WMCA [Dataset]. https://cityobservatory.birmingham.gov.uk/explore/dataset/average-monthly-private-sector-rent-for-a-1-bed-property-wmca/
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    excel, geojson, csv, jsonAvailable download formats
    Dataset updated
    Dec 3, 2025
    License

    Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
    License information was derived automatically

    Description

    This is the mean (average) gross monthly rent in pounds for properties with one bedroom on the private rental market for the area, over a 12 month period. These are self-contained properties including houses, bungalows, flats and maisonettes. These statistics taken from the Valuation Office Agency (VOA) administrative database are simple price averages rounded to the nearest £1. The sample used to produce these statistics is not statistical and may not be consistent over time; as such, these data should not be compared across time periods or between areas. Housing Benefit claimants are not included in the sample.Data is Powered by LG Inform Plus and automatically checked for new data on the 3rd of each month.

  20. T

    United Kingdom Price to Rent Ratio

    • tradingeconomics.com
    • it.tradingeconomics.com
    • +13more
    csv, excel, json, xml
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    TRADING ECONOMICS, United Kingdom Price to Rent Ratio [Dataset]. https://tradingeconomics.com/united-kingdom/price-to-rent-ratio
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    xml, csv, json, excelAvailable download formats
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jun 30, 1968 - Jun 30, 2025
    Area covered
    United Kingdom
    Description

    Price to Rent Ratio in the United Kingdom decreased to 111.37 in the second quarter of 2025 from 113.72 in the first quarter of 2025. This dataset includes a chart with historical data for the United Kingdom Price to Rent Ratio.

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Statista (2025). Average residential rent for new-lets in the UK 2025, by region [Dataset]. https://www.statista.com/statistics/752203/average-cost-of-rent-by-region-uk/
Organization logo

Average residential rent for new-lets in the UK 2025, by region

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3 scholarly articles cite this dataset (View in Google Scholar)
Dataset updated
Nov 29, 2025
Dataset authored and provided by
Statistahttp://statista.com/
Time period covered
Mar 2025
Area covered
United Kingdom
Description

The average agreed rent for new tenancies in the UK ranged from *** British pounds to ***** British pounds, depending on the region. On average, renters outside of London paid ***** British pounds, whereas in London, this figure amounted to ***** British pounds. Rents have been on the rise for many years, but the period after the COVID-19 pandemic accelerated this trend. Since 2015, the average rent in the UK increased by about ** percent, with about half of that gain achieved in the period after the pandemic. Why have UK rents increased so much? One of the main reasons driving up rental prices is the declining affordability of homeownership. Historically, house prices grew faster than rents, making renting more financially feasible than buying. In 2022, when the house price to rent ratio index peaked, house prices had outgrown rents by nearly ** percent since 2015. As house prices peaked in 2022, home buying slowed, exacerbating demand for rental properties and leading to soaring rental prices. How expensive is too expensive? Although there is no official requirement about the proportion of income spent on rent for it to be considered affordable, a popular rule is that rent should not exceed more than ** percent of income. In 2024, most renters in the UK exceeded that threshold, with the southern regions significantly more likely to spend upward of ** percent of their income on rent. Rental affordability has sparked a move away from the capital to other regions in the UK, such as the South East (Brighton and Southampton), the West Midlands (Birmingham) and the North West (Liverpool, Manchester, Blackpool and Preston).

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