The Price Index of Private Rents (PIPR) 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.
Price Index of Private Rents (PIPR) and year-on-year percentage change in the United Kingdom (UK) from January 2015 to July 2024
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Office for National Statistics (UK). (August 14, 2024). Price Index of Private Rents (PIPR) and year-on-year percentage change in the United Kingdom (UK) from January 2015 to July 2024 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/285697/great-britain-monthly-index-of-private-housing-rental-prices-iphrp/
Office for National Statistics (UK). "Price Index of Private Rents (PIPR) and year-on-year percentage change in the United Kingdom (UK) from January 2015 to July 2024." Chart. August 14, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/285697/great-britain-monthly-index-of-private-housing-rental-prices-iphrp/
Office for National Statistics (UK). (2024). Price Index of Private Rents (PIPR) and year-on-year percentage change in the United Kingdom (UK) from January 2015 to July 2024. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/285697/great-britain-monthly-index-of-private-housing-rental-prices-iphrp/
Office for National Statistics (UK). "Price Index of Private Rents (Pipr) and Year-on-year Percentage Change in The United Kingdom (Uk) 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), Price Index of Private Rents (PIPR) and year-on-year percentage change in the United Kingdom (UK) 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 November 21, 2024)
Price Index of Private Rents (PIPR) and year-on-year percentage change in the United Kingdom (UK) 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/
