Rents in England's capital, London, declined by 2.7 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.
Rents of mainstream rental properties in London are forecast to continue to increase between 2024 and 2028. Rental growth is expected to be the strongest in 2024, at 5.5 percent. On the other hand, house prices are expected to grow at a slower rate.
The Price Index of Private Rents (PIPR) increased gradually since 2015 and reached a value of 121.8 in January 2025. That indicates a rental increase of 11 percent since January 2023, the baseline year when the index was set to 100. The rental rates for mainstream properties are forecast to continue to grow over the next five years.
The median monthly rent recorded between 1 October 2017 and 30 September 2018 in England was £690, from a sample of 486,310 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 September 2018. Geographic (choropleth) maps have also been published as part of this release.
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Rental price statistics historical data time series (indices and annual percentage change). These are official statistics in development.
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.
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Percentage of total monthly household income spent on private rent, by country and by regions of England, financial years ending 2013 to 2023.
The average agreed rent for new tenancies in the UK ranged from 665 British pounds to 2,100 British pounds, depending on the region. On average, renters outside of London paid 1,095 British pounds, whereas in London, this figure amounted to 2,025 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 25 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 30 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 30 percent of income. In 2024, most renters in the UK exceeded that threshold, with the southern regions significantly more likely to spend upward of 30 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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An experimental price index tracking the prices paid for renting property from private landlords in the United Kingdom
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Indicative weights used in the new Price Index of Private Rents statistics.
London is the most expensive city for office real estate in Europe. In 2023, the per square foot cost of office space in London was higher than in any other European city. In West End, a Grade A office cost about 90 British pounds per square foot in 2023. Prime offices were even more expensive, at 135 British pounds per square meter. Office yields Prime yields in Central London fluctuate depending on the district, but West End areas tend to have lower yields compared to other areas, such as Stratford or Canary Wharf. The prime office yield in Mayfair/St. James' in 2023 was the lowest among the major London office submarkets. In real estate, yields measure the potential return of a rental property and are calculated as the ratio of the property's rental income to the investment cost. Typically, prime office yields in London are lower than the rest of the UK, which is mostly due to the highly competitive market and high investment costs. Vacancy rates Despite the high office rental costs in England’s capital city, vacancy rates in many of London's main office markets were below seven percent in 2023. This is good news for the office sector, as during the coronavirus (COVID-19) pandemic, the share of vacant office space across all Central London districts spiked dramatically. Compared to other European cities, London was in the middle of the ranking, alongside Frankfurt and Lisbon.
The prime property rental real estate market in Central London is expected to see an overall increase in rental rates during the five-year period between 2024 and 2028, according to a May 2024 forecast. Over the five-year period, the cumulative prime rental growth is forecast at 15.9 percent. Property price increase in Outer London is expected to be higher.
In the five-year period between 2024 and 2028, the prime residential rent for existing properties in Greater London is expected to increase by over 19 percent. The highest percentage change is expected to occur in 2024, when rents are to rise by 5.5 percent. In the UK. rental growth has accelerated notably since 2021, with March 2024 experiencing a decade-high annual percentage growth. The trend reflects the complex interplay between housing affordability, mortgage rates, and supply of rental homes, as the UK housing market navigates a period of transition.
This publication shows estimates of average farm rents paid in England under full agricultural tenancies, farm business tenancies, seasonal agreements and informal agreements, as well as the area of land covered by these agreements.
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Defra statistics: farm business survey
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This statistical release presents the National Statistics on the stock owned and managed by private registered providers in England in 2022/23. Based on data from the Regulator of Social Housing’s Statistical Data Return, it provides details of private registered providers’ owned and managed stock, details rents reported for low cost rental stock (social and Affordable Rents) and provides an overview of the private registered providers’ sector including details of stock movement and vacancies.
The release comprises three briefing notes (stock, rents and sector characteristics), four dynamic look-up tools (Excel based) allowing users to view the underlying data at a PRP and Group PRP level, a range of geographies and also view five-year trend information at a range of geographies. Additional data tables, raw data from the SDR and technical documentation is also provided.
The statistics derived from the SDR data and published as private registered provider social housing stock in England are considered by the United Kingdom Statistics Authority’s regulatory arm – the Office for Statistics Regulation – to have met the highest standards of trustworthiness, quality and public value, and are considered a national statistic. For more information see the data quality and methodology note.
The responsible statistician for this statistical release was Amanda Hall. The lead official was Will Perry.
These statistics are based on data from the SDR. This return collects data on stock size, types, location and rents at 31 March each year, and data on sales and acquisitions made between 1 April and 31 March. All private registered providers of social housing in England are required to complete the SDR, with those providers who own fewer than 1,000 units completing a shorter, less detailed return.
Statistical queries on this publication should be directed to the Referrals and Regulatory Enquiries team on 0300 124 5225 or mail enquiries@rsh.gov.uk.
Users are encouraged to provide comments and feedback on how these statistics are used and how they meet their needs either through our feedback rating icons on all published documents or through direct email contact (please send these entitled “PRP statistics feedback” to enquiries@rsh.gov.uk.
Previous releases of these statistics are available on the Private registered provider social housing stock in England collections page.
An accessible HTML summary of the key findings from the report has been included on this page. If you require any further information, please contact enquiries@rsh.gov.uk.
This statistical release presents the National Statistics on the stock owned by local authority registered providers in England on 31 March 2021. Based on data from the Regulator of Social Housing’s Local Authority Data Return, it provides details of local authority registered provider owned stock and details rents reported for low cost rental stock (social and Affordable Rents).
The release comprises a briefing note, a dynamic look-up tool (Excel based) allowing users to view details of stock in individual local authority areas and regions, additional data tables, raw data from the LADR and technical documentation.
The statistics derived from the LADR data and published as local authority registered provider social housing stock and rents in England are considered by the United Kingdom Statistics Authority’s regulatory arm – the Office for Statistics Regulation – to have met the highest standards of trustworthiness, quality and public value, and are considered a national statistic. For more information see the data quality and methodology note.
The responsible statistician for this statistical release was Amanda Hall. The lead official was Will Perry.
These statistics are based on data from the LADR. This return, which was collected by the RSH for the first time in 2020, collects data on stock size, types, location and rents as at 31 March. All registered local authority providers of social housing in England are required to complete the LADR, providing the regulator with data on stock and rent levels in order that it may regulate social housing rents.
Prior to 2020, the Department for Levelling Up, Housing and Communities (formerly MHCLG) published similar statistics on stock and rents for local authorities based on data collected through their Local Authority Housing Statistic. The differences in collection methodology between the LADR and LAHS and the statistical methodology employed between MHCLG, DLUHC and RSH statistical releases are explored in detail in the technical notes.
Statistical queries on this publication should be directed to the Referrals and Regulatory Enquiries team on 0300 124 5225 or mail enquiries@rsh.gov.uk.
Users are encouraged to provide comments and feedback on how these statistics are used and how they meet their needs either through our feedback rating icons on all published documents or through direct email contact (please send these entitled “LARP statistics feedback” to enquiries@rsh.gov.uk).
An accessible HTML summary of the key findings from the report has been included on this page. If you require any further information, please contact enquiries@rsh.gov.uk.
This statistical release presents details of the stock owned by registered providers of social housing in England on 31 March 2022.
Based on data from the Regulator of Social Housing’s Local Authority Data Return and Statistical Data Return, it provides details of registered providers’ owned social housing stock and details rents reported for low cost rental stock (social and Affordable Rents) providing comparisons of private registered providers and local authority registered providers stock and rents.
The release comprises a briefing note, a dynamic look-up tool (Excel based) allowing users to view details of stock in individual local authority areas and regions, additional data tables and technical documentation.
These statistics are based on data from the SDR and LADR. These returns collect data on stock size, types, location and rents as at 31 March. For details on the individual data sets please see the respective local authority registered provider and private registered provider statistics as published by the RSH.
They are considered by the United Kingdom Statistics Authority’s regulatory arm – the Office for Statistics Regulation – to have met the highest standards of trustworthiness, quality and public value, and are considered a National Statistic. For more information see the data quality and methodology note.
The responsible statistician for this statistical release was Amanda Hall. The lead official was Will Perry.
Statistical queries on this publication should be directed to the Referrals and Regulatory Enquiries team on 0300 124 5225 or email enquiries@rsh.gov.uk.
Users are encouraged to provide comments and feedback on how these statistics are used and how they meet their needs either through our feedback rating icons on all published documents or through direct email contact (please send these entitled “RP statistics feedback” to enquiries@rsh.gov.uk).
An accessible HTML summary of the key findings from the report has been included on this page. If you require any further information, please contact enquiries@rsh.gov.uk.
Rental prices in both Greater London and Central London were expected continue increasing in the period between 2023 and 2027, according to a forecast from October 2022. In Central London, the rental growth of residential properties was expected to be six percent in 2022, compared to four percent for Greater London. House prices in the United Kingdom were expected to experience more moderate growth rate.
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United Kingdom PHRPI: England: London data was reported at 108.337 Jan2015=100 in Jul 2020. This records an increase from the previous number of 108.333 Jan2015=100 for Jun 2020. United Kingdom PHRPI: England: London data is updated monthly, averaging 93.794 Jan2015=100 from Jan 2005 (Median) to Jul 2020, with 187 observations. The data reached an all-time high of 108.337 Jan2015=100 in Jul 2020 and a record low of 75.483 Jan2015=100 in Feb 2005. United Kingdom PHRPI: England: London data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.EB015: Private Housing Rental Prices Index: January 2015=100.
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英国 PHRPI: England: London在2020-07达108.337 Jan2015=100,相较于2020-06的108.333 Jan2015=100有所增长。英国 PHRPI: England: London数据按月度更新,2005-01至2020-07期间平均值为93.794 Jan2015=100,共187份观测结果。该数据的历史最高值出现于2020-07,达108.337 Jan2015=100,而历史最低值则出现于2005-02,为75.483 Jan2015=100。CEIC提供的英国 PHRPI: England: London数据处于定期更新的状态,数据来源于Office for National Statistics,数据归类于Global Database的英国 – Table UK.EB015: Private Housing Rental Prices Index: January 2015=100。
Rents in England's capital, London, declined by 2.7 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.