GDP growth continues to struggle – the current annual rate of growth falling from 1.8% to 1.2%
The IPHRP (Index of Private Housing Rental Prices) is “an experimental price index tracking the prices paid for renting property from private landlords in the United Kingdom.” (ONS)
Note how, at the end of 2016 the IPHRP becomes less steep and the gap between it and the other indices narrows.
In March 2019 the IPHRP fell BELOW the other price indices. The most recent data (for August 2019) shows this trend path is continuing.
This chart shows the growth in real wages (allowing for inflation) against the growth in the IPHRP. Wages are at a GB level, but we selected IPHRP on a UK-wide statistic. This is simply because they have a common base year (future versions will rebase GB-IPHRP).
This chart shows the growth experienced by the PRS – and the present levelling off of that growth trend.
This is a full draft of what will be our Landlord’s Confidence Index, providing analysis on the key decisions and motivations driving the PRS.
The Landlord Confidence Index breaks down what landlords are telling us in each region.