Buy to let rents are standing still for landlords, according to the latest official figures.
Tenants paid an extra 0.9% in rent for the year to October – the same as the year-on-year rise to September.
Rent increases have stayed at 0.9% year-on-year since July.
While rents in England also showed a 0.9% increase, those in Wales were up 0.7% and 0.6% in Scotland.
London rents were down 0.2%, again the same as the year-on-year figures for September, says the Office For National Statistics in the UK Index of Private Housing Rental Prices.
“Rental prices for the UK excluding London increased by 1.4% in the 12 months to October 2018, down slightly from 1.5% in the 12 months to September 2018. London private rental prices decreased by 0.2% in the 12 months to October 2018; unchanged from the 12 months to September 2018,” says the ONS report.
Buy to let rent increases – UK and Great Britain January 2012 – October 2018
Source: ONS
Although historical data from the ONS shows rents increasing, the rate of increase has slowed over time.
How regional rents have changed in England in the year to October 2018
Source: ONS
