Rental price growth in Great Britain remained unchanged from April 2018, with rents increasing by 1.0% in the 12 months to May 2018. London rental price growth continues to decline, with the latest rental index showing rents have decreased by 0.2% in the 12 months to May 2018.
London rental price growth has continued to decline, with prices decreasing by 0.2% in the 12 months to May 2018. Overall rental growth is 1.4 points below inflation, and data from across the sector is showing a slow-down in housing transactions and lending in the private rented sector.
The May 2018 PEARL Rental Index is showing that rental price growth across Great Britain is weakening with rents increasing by 1.0% in the 12 months to April 2018. London rents were unchanged at 0.0% in the 12 months to April, and Consumer Price Index inflation is now at 2.4% down from 3% for January 2018.
The PEARL Rental Index for March 2018 is showing that rental price growth is weakening for London with the latest rental index showing rents have increased by 0.1% while national rents grew by 1.1% in the 12 months to February 2018.
RLA PEARL produces a monthly rental index, which brings together data from across the sector to provide insight on the rental market. This includes changes to rental values, house price changes, inflation, buy-to-let market activity.
Private rents increased in Great Britain by 1.4% in the 12 months to November 2017, house prices have increased across the UK by 4.5% and tenant demand is decreasing. What does this mean for the private rented sector?