Blog Post

Rent spend steady five years on

Rebecca Galgut Jul 19, 2021, 12:00 PM
218_Dataloft_inform_Insight

At 28.3%, the proportion of gross income private renters in England and Wales spend on their rent is only marginally higher than five years ago.

In the North East and South West, renters spend proportionally less than they did back in 2015/16. The North West is the only region where the proportional increase in spend is more than 1%.

Over the past five years, average earnings of renters have risen by 8.8% while average rents have risen by 9.6%.

Currently demand for rental properties is high. Average asking rents in Q2 2021 were up 2.6% year-on-year (Rightmove) and a shortage of stock looks set to underpin prices over the coming months. Source: Dataloft Rental Market Analytics (DRMA), based on tenancies started 01.07.20 to 30.06.21 and 01.07.15 to 30.06.16

Leave a comment
Newest on top Oldest on top
Load more comments
Thank you for the comment! Your comment must be approved first
comment-avatar

"I would like to thank Abbey for all her help and support she offered"

- Marie

"Great experience with Peter Anthony! Yaseen Hassan was professional, responsive, and incredibly helpful"

- Samuel Benedict

"We’ve got nothing but good things to say about the team at Peter Anthony Liverpool"

- Jack

"I was shown around a property by Abbey Bird, it was a lovely viewing"

- Sophia

"Abbey Bird at Peter Antony Estate agents has been and still is amazing"

- Sky

"Abbey was a fantastic help"

- Olivia

"We are both so happy with the agents"

- Megan

"They are truly the best"

- Paulina