Rents rise 15% since May 2010
- Residential rents have risen by 15.2% over the course of this Parliament – or 3.6% beyond CPI inflation
- In May 2010, the average rent across England and Wales was £667 per month, now £768 as of March 2015
- Over the last twelve months annual rent rises have accelerated to 3.7% – the fastest pace for two years
- Yet tenant finances improve – 7.4% of rent in arrears, down from 7.6% last month and 10.7% in May 2010
- Landlords see gross rental yields steady at 5.0%, and total returns climb to 12.2% including price growth
Rents across England and Wales are now 15.2% higher than at the time of the last General Election in May 2010, according to the latest Buy-to-Let Index from Your Move and Reeds Rains.
This is faster than inflation. Over the same period since May 2010, consumer price inflation (CPI) has amounted to 11.6%. This leaves a 3.6% increase in rents after the effects of inflation – or the equivalent of a 0.7% real terms increase each year over the last Parliament.
Most recently, rents now stand at £768 per month as of March 2015. Annual rent rises have accelerated to the fastest pace in two years, with the average rent across England & Wales now up 3.7% over the last twelve months. The last time rents rose so quickly was in the year to April 2013, when this previously stood at 3.9% per annum.