The DPS Rent Index

 

 

The latest findings

The latest DPS Rent Index saw growth in average rents accelerating across much of the UK. Average UK rent now costs £818, up £14 (1.74%) from Q2, compared to a £4 (0.50%) rise over the previous quarter. Over the last 12 months rents have increased by 4.87%, up £38 from £780.

Rents across the regions reflect robust demand with almost all regions experiencing growth this quarter. Demand for detached properties remains high but the number of deposits being protected for detached properties has decreased, suggesting lack of availability is driving rental growth and longer tenancies.

 

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“Despite the roll-out of the coronavirus vaccination programme and the lifting of lockdowns, it seems that tenants are still prioritising more living space and are willing to pay for it.

“They are also staying in detached homes for longer and this, combined with lower availability of these properties, is driving up rents. 

“The last quarter’s rent increases across all property types and most regions suggests a strong return of demand from tenants as employees start to go back into offices and students attend University in person this academic year.”

 Matt Trevett, Managing Director, The DPS

 

 

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 IndexTM 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.

 

Contact us

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