Editor's note: This brief was summarised by The Property AI Newsroom from a report by Property118. Read the original article for full details.

ONS Reports 3.5% Annual Rise in UK Rents as House Prices Stall

The Office for National Statistics (ONS) has reported that average UK private rents increased by 3.5% in the year to April, reaching £1,381 per month. The data also shows that rents rose across all four UK nations during this period.

According to the ONS, annual rent growth edged up from 3.4% in March to 3.5% in April. In England, the average monthly rent reached £1,438 in April, representing a 3.5% increase from the previous year.

The report highlights that while rents have continued to rise, house prices have stalled. The figures are based on the latest ONS data and reflect ongoing trends in the UK property market.

These developments are particularly relevant for letting agents and inventory clerks, as rising rents may impact tenancy agreements, property management, and client expectations across the sector.