The DPS Rent Index

 

 

The largest and most reliable indicator of rental trends in the UK is here

In November 2017, we released the first ever DPS Rent Index TM. As the largest provider of deposit protection in the UK, we have a unique insight into the Private Rented Sector (PRS). Our database of domestic private rental prices across Britain is the largest of its kind. It's the most reliable indicator of rental trends in the UK. This means it can inform the rental housing market, shape public policy and investor decision-making, in the same way that house price indices do for the owner-occupied housing market.

 

Made with industry experts you can trust

We want to become thought leaders in the market and create an index that stands up to the highest standards of analysis and scrutiny. Working with leading economists, Professor Joe Nellis and Professor Catarina Figueira to produce the index gives us a trusted voice in the industry.

Since it was first published, the Rent Index has been quoted in Reuters, Property Eye and the New York Times.

 

A decade's worth of data - simplified

The DPS Rent Index TM contains the average monthly rent in 12 regions of the UK. This is then broken down into the various property types to give a fair view of how much a property costs to rent. There is also information on what percentage of their salary tenants spend on rent. All this came from analysing data from millions of properties across the country over the past decade.

 

Produced every quarter – keeping you informed

The elements that can make the rental market fluctuate are changing every day. Over the last 10 years, there's been a trend of rents increasing on an annual basis, despite the global financial crisis. This is why every quarter we produce a new rent index to ensure you have the latest data and figures available.

 

The latest findings

The latest edition of The DPS Rent Index TM is out now! In contrast to the downward trend seen throughout 2018 and the early part of 2019, average rents in the second quarter of 2019 have increased sharply. Industry experts believe the Tenant Fees Ban is likely to be a major contributor but with Scotland seeing the largest rise in average rental prices across the UK, other factors may be at play.

 

Read the full report here

 

  

"It has been widely anticipated that The Tenant Fees act introduced on 1 June 2019, banning letting fees and capping security deposits, would lead to increased rents.

Though average rents have risen overall, it’s too early to tell if this is a result of the fees ban.

It’s worth noting that the ban on letting fees from 1 June only applied to tenancies in England. With average rents rising significantly in Scotland from Q1 to Q2 and nominally in Wales, this may indicate other factors are contributing to the sudden upward trend."

James Garvey, Head of Client Management

  

Read Q1 2019 issue

 

Read Q4 2018 issue

 

 

Read Q3 2018 issue

Read Q2 2018 issue

Read Q1 2018 issue

Read Q4 2017 issue

Read Q3 2017 issue

 


Contact us

To find out more about the Rent Index, send us your thoughts or suggestions, please head to our contact page here.