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 16 percent since January 2023 - the baseline year when the index was set to 100. Rental growth was notably strong in March 2024, when rents grew by over 11 percent year-on-year. The rental rates for mainstream properties are forecast to continue to grow over the next five years.
Price Index of Private Rents (PIPR) and year-on-year percentage change in London, England 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 London, England from January 2015 to July 2024 [Graph]. In Statista. Retrieved December 24, 2024, from https://www.statista.com/statistics/285963/london-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 London, England from January 2015 to July 2024." Chart. August 14, 2024. Statista. Accessed December 24, 2024. https://www.statista.com/statistics/285963/london-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 London, England from January 2015 to July 2024. Statista. Statista Inc.. Accessed: December 24, 2024. https://www.statista.com/statistics/285963/london-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 London, England from January 2015 to July 2024." Statista, Statista Inc., 14 Aug 2024, https://www.statista.com/statistics/285963/london-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 London, England from January 2015 to July 2024 Statista, https://www.statista.com/statistics/285963/london-monthly-index-of-private-housing-rental-prices-iphrp/ (last visited December 24, 2024)
Price Index of Private Rents (PIPR) and year-on-year percentage change in London, England from January 2015 to July 2024 [Graph], Office for National Statistics (UK), August 14, 2024. [Online]. Available: https://www.statista.com/statistics/285963/london-monthly-index-of-private-housing-rental-prices-iphrp/
