LETTING & ESTATE AGENT

British private rental prices 'have climbed over the last year'

British private rental prices 'have climbed over the last year'

Private rental prices in Britain have witnessed a marked climb over the last year, new findings have shown. According to the figures from the Office for National Statistics, the 12 months to August 2013 have seen the costs paid by tenants for such purposes rising by 1.2 per cent. With London taken out of the equation, it was shown that these costs escalated by 0.8 per cent over the same period.

 

The research revealed that while rental prices increased by 1.1 per cent in England over the 12-month spell, they also rose by 1.3 per cent in both Scotland and Wales. It was shown that rental prices carried on along their upwards trajectory in all regions throughout England in this time. However, the areas where the climbs were most marked were London and the south-east, where hikes of 1.9 per cent and 1.1 per cent were seen respectively.