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Reasons for rent increase among private landlords in England in 2024

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Sources

Release date

December 2024

Region

United Kingdom

Survey time period

2024

Number of respondents

8,220 respondents

Special properties

landlords

Supplementary notes

For the most recent letting, tenancy, or extension.

Landlords for whom this was their first letting of the property have been excluded.

Multiple options were possible.

Citation formats

Reasons for rent increase in England 2024

Published by ÌÇÐÄÆƽâ°æ Research Department, Mar 3, 2025

The majority of private landlords in England raised the rent on the most recent letting or extension in line with market rents in the area. This reason was chosen by ** percent of the respondents. Additionally, ** percent were advised by their agent. Additional costs incurred by landlords, such as mortgage costs, renovation, and tax changes, also played a significant role. In the UK, rental growth started to accelerate in 2021, with the year-on-year increase in the Price Index of Private Rents (PIPR) peaking at *** percent in March 2024.

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