The Index of Private Housing Rental Prices (IPHRP) increased gradually since 2015 and reached a value of 115.6 in July 2024. That indicates a rental increase of nearly 13 percent since January 2023 - the baseline year when the index was set to 100. Rental growth was notably strong in March 2024, when residential rents grew by over nine percent year-on-year. Mainstream properties are forecast to see rents further increase until 2028.
Index of Private Housing Rental Prices (IPHRP) in the United Kingdom from January 2015 to July 2024
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Office for National Statistics (UK). (August 14, 2024). Index of Private Housing Rental Prices (IPHRP) in the United Kingdom from January 2015 to July 2024 [Graph]. In Statista. Retrieved October 06, 2024, from https://www.statista.com/statistics/285697/great-britain-monthly-index-of-private-housing-rental-prices-iphrp/
Office for National Statistics (UK). "Index of Private Housing Rental Prices (IPHRP) in the United Kingdom from January 2015 to July 2024." Chart. August 14, 2024. Statista. Accessed October 06, 2024. https://www.statista.com/statistics/285697/great-britain-monthly-index-of-private-housing-rental-prices-iphrp/
Office for National Statistics (UK). (2024). Index of Private Housing Rental Prices (IPHRP) in the United Kingdom from January 2015 to July 2024. Statista. Statista Inc.. Accessed: October 06, 2024. https://www.statista.com/statistics/285697/great-britain-monthly-index-of-private-housing-rental-prices-iphrp/
Office for National Statistics (UK). "Index of Private Housing Rental Prices (Iphrp) in The United Kingdom from January 2015 to July 2024." Statista, Statista Inc., 14 Aug 2024, https://www.statista.com/statistics/285697/great-britain-monthly-index-of-private-housing-rental-prices-iphrp/
Office for National Statistics (UK), Index of Private Housing Rental Prices (IPHRP) in the United Kingdom from January 2015 to July 2024 Statista, https://www.statista.com/statistics/285697/great-britain-monthly-index-of-private-housing-rental-prices-iphrp/ (last visited October 06, 2024)
Index of Private Housing Rental Prices (IPHRP) in the United Kingdom from January 2015 to July 2024 [Graph], Office for National Statistics (UK), August 14, 2024. [Online]. Available: https://www.statista.com/statistics/285697/great-britain-monthly-index-of-private-housing-rental-prices-iphrp/