Rental growth accelerating in half of England’s regions
Summary
The article reports that national rental growth in England has remained broadly unchanged since the implementation of the Renters’ Rights Act, but growth has accelerated in more than half of England’s regions. London and several northern regions have seen stronger increases, while some other regions have stagnated or slowed.
Why it matters
Residential property surveyors working in the private rented sector should note the regional divergence in rental growth, as it may affect valuation assumptions, investment analysis and local market commentary. The Renters’ Rights Act is also shaping tenant and landlord behaviour, which can influence demand, supply and rental evidence.
Key points
- Average monthly rent in England rose 0.6% since implementation of the Renters’ Rights Act, matching the pre-implementation rate.
- Rental growth accelerated in five of England’s nine regions, led by the West Midlands and North West.
- London rents increased by 1% overall, with notable variation between boroughs such as Southwark, Greenwich, Ealing, Enfield and Merton.
- Some regions, including the East Midlands, saw no change in growth, while the East of England, South West and South East slowed.
- The article attributes renewed market activity to greater clarity after an initial period of uncertainty around the new legislation.
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