Some of the key points:
- Average UK private rents increased by 9.0% in the 12 months to February 2024 (provisional estimate), higher than in the 12 months to January 2024.
- In the 12 months to February 2024, average monthly rents increased to £1,276 (8.8%) in England, £723 (9.0%) in Wales and £944 (10.9%) in Scotland.
- In the 12 months to December 2023, average rents increased by 9.3% in Northern Ireland.
- In England, private rent inflation in the 12 months to February 2024 was highest in London (10.6%) and lowest in the North East (5.7%).
- In Great Britain, the average private rent was highest in Kensington and Chelsea (£3,248) and lowest in Dumfries and Galloway (£472).
- Average UK house prices decreased by 0.6% in the 12 months to January 2024 (provisional estimate), up from a decrease of 2.2% (revised estimate) in the 12 months to December 2023.