Rents rise higher faster

July 17, 2015

According to a recent buy-to-let index rents in the private sector in England and Wales have hit an all time high of £789 a month on average.

Adrian Gill, Director of Your Move and Reed Rains reportedly says, “The pedal is pressed to the metal in the rental market. Not only have rents hit an all time high record high – but we have never seen them rise so quickly”

“Growing wage packets and a strengthening economy mean that a greater number of tenants are able to afford higher rents”.

“With such an overall shortage of housing in the UK, rental costs are primarily driven by the amount a tenant is capable of paying”.

Rents increased by 5.6% in June compared to a year earlier according to Estate Agents Your Move and Reed Raines, that is the fastest annual increase since the index was compiled in 2009, rents increased 1.4% month on month  between May and June across England and Wales the study said.

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Breaking News

Breaking Property News 07/08/25

Daily bite-sized proptech and property news in partnership with Proptech-X. Interest rates cut to 4%, inflation expected to rise to the same figure The Bank of Engaland after two ballots approve 0.25% cut in rate to 4%, but inflation is double target figure In what is the fourth rate cut since Labour came into power…
Read More →
Breaking News

1 in 5 private rented homes could be illegal

More than one in five private rented homes in England currently fail to meet the Decent Homes Standard (DHS). Analysis from Inventory Base suggests that these properties would be illegal to rent should the proposed extension of the DHS within the Renter’s Rights Bill (RRB) pass into law. The DHS is a government-issued minimum standard…
Read More →
bank of england interest rate
Breaking News

Property Industry Response to Latest Bank of England Rate Cut

Following a hold in June, the rate has today been cut to 4.0%. This comes despite inflation (CPI) sitting at 3.6% in June 2025, higher than the Bank of England target rate of 2.0%. The decision to reduce the base rate by the Monetary Policy Committee was the result of five members voting for a…
Read More →
Rightmove logo
Breaking News

Rightmove Comment on The Bank Rate Cut

Matt Smith, Rightmove’s mortgage expert says: “As expected we now have the third Bank Rate cut of the year, with the Bank continuing along its forecast trajectory. Mortgage lenders have had a bit of room to reduce rates over the last week, owing to the ongoing developments around global tariffs. However, we expect that lenders…
Read More →
Breaking News

UK property at its strongest since 2022

The latest research from GetAgent.co.uk has found that the UK property market is currently performing at its strongest since 2022, with both mortgage approvals and transactions at their highest average monthly levels in three years. GetAgent analysed HMRC and Bank of England data on residential property transactions and mortgage approvals, looking at the year-to-date figures…
Read More →
Estate Agent Talk

Subsidence: What it really means for your property – a guide for homebuyers

Discovering the word ‘subsidence’ in a property survey can strike fear into the heart of any prospective homebuyer. But while subsidence may sound daunting, it is a structural movement issue that can be manageable and with a certificate of structural adequacy and the correct insurance, your property plans don’t need to be derailed. Essex-based Chartered…
Read More →