Private rental prices paid by tenants in the UK increased by 4.9% in the 12 months to March 2023, according to the Office for National Statistics (ONS).
This rental price growth rate, up from the 4.8% recorded in January, represents the largest annual percentage change since the data series began in January 2016.
ONS, in its Index of Private Housing Rental Prices report, said that annual private rental prices increased by 4.6% in England, 4.4% in Wales, and 5.1% in Scotland over the year to March 2023.