Reporting around Rent Controls
Ministry of Housing, Communities & Local Government (MHCLG) in the Media is run by the Press Office.
It has been reported in the media that the Government is planning to give the Mayor of London powers to impose rent controls.
This is not true. Fixing Britain’s housing crisis is one of our top priorities, and giving struggling renters more rights and security is an important issue for this Government, but there have been no conversations with the Mayor of London about introducing rent controls.
In the King’s Speech, the Prime Minister announced our Renters’ Rights Bill, that will put an end to rental bidding wars. This will stop renters being pitted against each other and forced to pay more than the original asking price of the property when trying to secure a home.
UK - Private Rent - July 2024
Office of National Statistics - 17th July 2024
The Price Index of Private Rents (PIPR) measures private rent inflation for new and existing tenancies. The UK House Price Index measures house price inflation and given the way in which rents have increased significantly over the last 2 years, it is of paramount importance to see just how rents differ within different parts of the UK.
Average UK private rents increased by 8.6% in the 12 months to June 2024 (provisional estimate), down from 8.7% in the 12 months to May 2024.
Average rents increased to £1,310 (8.6%) in England, £743 (8.2%) in Wales, and £959 (8.4%) in Scotland, in the 12 months to June 2024.
In Northern Ireland, average rents increased by 10.3% in the 12 months to April 2024.
In England, rents inflation was highest in London (9.7%) and lowest in the North East (5.9%), in the 12 months to June 2024.
Average UK house prices increased by 2.2%, to £285,000 in the 12 months to May 2024 (provisional estimate), up from 1.3% (revised estimate) in the 12 months to April 2024.
Average house prices increased in England to £302,000 (2.2%), in Wales to £216,000 (2.4%), and in Scotland to £191,000 (2.5%), in the 12 months to May 2024.