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Historical trend
Trend summary
The ONS Index of Private Housing Rental Prices for Great Britain stood at 130.3 in March 2026 (January 2015 = 100), an annual increase of 8.7%.
Trend
- Annual private rental growth has been above 5% since 2022, with the rate accelerating to 8–9% in 2024–25.
- The current annual rate of 8.7% is the highest recorded since the IPHRP series began in 2005.
- Growth rates are highest in London and lowest in the North East, reflecting differential supply and demand conditions by region.
Context
- The IPHRP measures changes in rents paid on new and existing tenancies; it is not a measure of the absolute level of rents.
- ONS publishes IPHRP monthly for Great Britain and separately for England, Wales, Scotland, and English regions.
Trend summary generated by claude-sonnet-4-6 on 21 May 2026. Contains no editorial judgement — describes direction, magnitude, and official projections only.