Rents climb in most regions since Renters’ Right Act landed
Summary
New research cited in the article suggests rental growth has accelerated in most regions of England since the Renters’ Rights Act was implemented in May, although the national average rate has remained unchanged. The strongest increases were reported in the West Midlands and North West, with London also showing faster rent growth and continued tenant demand.
Why it matters
Residential property surveyors involved in valuation, investment advice or rental market reporting should note the changing regional rent dynamics following legislative change. The article indicates that policy implementation may be influencing tenant behaviour and local rental pricing, which can affect market assessments and comparables.
Key points
- Rental growth has accelerated in several English regions since the Renters’ Rights Act was implemented.
- West Midlands and North West recorded the sharpest increases in rent growth in the article.
- London rents also rose, with average monthly rent increasing from £2,294 to £2,317.
- Tenant demand is described as robust, with limited rental stock supporting competition for available homes.
- The national rental growth rate is reported as unchanged despite regional variation.
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